YouTuber Cheap was sued by Leihu Technology for 100 million yuan and won the first instance! He posted a joke saying "Congratulations to the court for the certification."

[Entertainment Channel/Comprehensive Report] Earlier this year, YouTuber Cheap was accused by Leihu Technology of insinuating "profit transfer" for making a video discussing the business dispute between Lotte Group and National Bank Financial Holdings, and sued for NT$100 million. The case was heard by the Taipei District Court. Yesterday (23rd), YouTuber Cheap ruled that Leihu Technology lost the lawsuit and Cheap was exempt from compensation and can still appeal. In response to this, Cheap posted a post on Facebook today (24th), saying "Congratulations to the court for the certification" and revealed that the case also cost the other party 910,000 yuan in referee fees.

Leihu Technology lost the lawsuit against Cheap for 100 million yuan.

Cheap said that he discussed the company's governance issues from beginning to end, and the relevant video content had sources. He also said that the video mentioned that "Guoban Venture Capital" lost 482 million yuan in 2022, was rated D in performance appraisals, and personnel changes were all objective information, so he was very dissatisfied with the demand for 100 million yuan in compensation. He also said bitterly: "I didn't get 100 million, but it cost the company 910,000 in referee fees, and it also had a secondary publicity effect. The lawsuit is really valuable."

Regarding the follow-up to the case, Cheap revealed that the two parties will still meet in the second trial, and questioned in the article whether the lawsuit will cause a "chilling effect" that will cause creators, financial reporters, and analysts to be afraid to comment on the company. He believes that what he is facing in this lawsuit is the legal action of a listed company, and what he is defending is the space for investors to review corporate financial reports and corporate governance. However, his claims of "strategic abuse of litigation" are personal opinions and are not the determination of the relevant disputes in this first-instance judgment.

In the end, Cheap did not change his humorous nature. He joked that he was celebrating "defeating Thunder Tiger" and had prepared to produce a "victory commemorative T", which is currently being produced. He also shouted: "We will see you in the High Court, and you are welcome to file a lawsuit."