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, which is 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 the Defendants 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 the Defendants U to the imprisonment of 13 years, the imprisonment of 7 years, Defendant W and V, and the imprisonment of 4 years, respectively, and ordered the Defendants to pay the total amount of KRW 115,146,50,00 to 2,466, the applicant for compensation. The Seoul Central District Court found the Defendants not guilty of the Defendants' violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Joint) and the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Seoul Central District Court Decision 2015Gohap974, 995, 1010 (Joint), 2015 seconds3080, 2016, 721, 8656).21)

The following facts of crime are guilty.