This lawsuit is for failure to repay their part of the deposit of ~400M KRW.

It isn't the big one; of the often-quoted 9.9B KRW pre-debut project cost, DONUTS put in 3.5B of that in exchange for LOONA promoting the mylive app (we only saw Yeojin do 4 mukbangs on MYLIVE); DONUTS is filing a separate lawsuit for that.

Edit: Soompi's translation: https://www.soompi.com/article/1359525wpp/polaris-entertainment-ordered-by-courts-to-pay-compensation-in-case-related-to-loona

Here is my general translation of this and I had fig check from subbits. and IANAL:

In the Seoul Central District Court, Polaris Ent. lost a lawsuit filed by IT Company DONUTS for failure to repay a lease deposit. Polaris CEO Lee Jeong Myung ordered to pay 360M KRW (~300,000 USD) and delayed damages.

In 2017 Polaris partnered with DONUTS to start the LOONA project. Polaris took a 400M KRW as a deposit for a space lease (in a location/branding contract). However they haven't returned their part, or 360M KRW.

(Context: DONUTS operates the broadcasting app MYLIVE. Of the often-quoted 9.9B KRW pre-debut project, DONUTS appears to be behind 3.5B of that)

DONUTS said they invested 3.5B KRW (~3M USD) under the condition that LOONA would appear on MYLIVE broadcasts. But not only did the company fail to return the aforementioned deposit, but the LOONA broadcast appearance condition wasn't faithfully fulfilled, as only one member ever broadcasted on the app (Context: We got 4 Yeojin mukbangs total). Another case for a return on that investment is in the works, in addition to separate criminal charges.

Polaris said that they haven't gotten the deposit back themselves yet, and will return it as soon as they do. They said that the lawsuit is ongoing and that the trial proceedings will speak for themselves.

BBC needs to stop playing and RELEASE SOMETHING so we can see what Orbits can actually do for them.

Hell, open up a damn makestar if it's that bad. They're such an annoying ass company.