1. The plaintiffs' claims against the defendants are all dismissed.

2. The costs of lawsuit are assessed against the plaintiffs.

1. Summary of the plaintiffs' assertion

A. The Plaintiffs were recommended by the employees of AM to make an investment in Defendant AJ Co., Ltd. (hereinafter “Defendant AJ”) (hereinafter “Defendant AJ”), a non-permanent defense contractor engaging in aviation/electronic business, and acquired the shares of Defendant AJ from July 2, 2015 to February 16, 2016 as indicated in the following table.

AN AOO O AP AP AP Q R CD DD F G HJ HaJ K M M u P Pu Qu Qu Y Z AB AC AE AE AE AG AH AI

B. However, Defendant AK, the representative director of Defendant AJ, was convicted of having committed the crime of selling Defendant AJ’s stocks by providing the broker, etc. of unlisted stocks with false financial statements, investment explanatory materials, and other materials stating the plan for promoting listing that has not been actually promoted.

Since Defendant AL serves as an internal director of Defendant AJ at the time when the plaintiffs acquired shares as stated in the above table, it is reasonable to view that Defendant AL also conspiredd for the preparation and distribution of a false company letter of recommendation, etc.

C. The Defendants conspired to prepare and distribute a false company letter, etc. as above, and as a part, provided a company letter (Evidence 1), a business report (Evidence 2) and an estimated financial statements (Evidence 3) to AS, which were the head of the AM air defense operation branch.

The employees of the above branch at the time recommended the defendant AJ shares to the plaintiffs who are customers who had been managed in peace by considering that the prospect of the defendant AJ would be very clear and that the future business value will increase based on the data received from AS, and the plaintiffs received the shares as shown in the above Schedule.

Defendant J is actually in the discontinuance of business, and there is no substantial value of the shares because the business is not conducted at all. Therefore, the Plaintiffs are not entitled to share purchase due to the aforementioned tort committed by the Defendants, and the amount indicated in the “claim Amount” column of the attached Table that the Plaintiffs paid as share acquisition price.

subsection (b).