1. All of the instant lawsuits are dismissed.

2. The costs of lawsuit shall be borne by the law firm head;

1. Basic facts

A. 1) The Defendant U is a Z Co., Ltd. operating an investment advisory business (hereinafter “Z”).

Defendant V is the real representative of the Z, and Defendant V is the unit of the Z, Defendant W is the inside director and marketing head of the Z, Defendant X is the representative of the Z, and Defendant X is the representative of the AA, an individual enterprise managing the investment funds of the Z. 2) The Plaintiffs claim that they invested in the Z.

B. On April 4, 2016, the Seoul Central District Court found Defendant U guilty of the violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Fraud), the violation of the Act on the Regulation on the Aggravated Punishment, etc. of Specific Economic Crimes, and the violation of the Financial Investment Services and Capital Markets Act. The Seoul Central District Court sentenced Defendant U to imprisonment of 13 years, Defendant W and V imprisonment of 7 years, and Defendant X and Y of 4 years, respectively. On the other hand, the Seoul Central District Court rendered a compensation order to pay the total amount of KRW 115,146,50,00 to 2,46 persons who jointly file an application for compensation (Seoul Central District Court Decision 2016Da974,995 (Consolidated), 1010 (Consolidated), 1010), and 2015 early 3080, 2016Hu721, 856, 2016) for the same criminal case as the Defendant’s 2015th trial decision.

The following facts of crime are guilty.