South Korean Prosecutors Appeal Samsung Chairman Jay Y. Lee’s Acquittal in High-Profile Fraud Case

South Korean prosecutors have initiated an appeal against a lower court’s decision to acquit Samsung Electronics Chairman Jay Y. Lee of fraud and stock manipulation charges relating to a contentious 2015 merger. Prosecutors argue the merger between Samsung C&T and Cheil Industries disadvantaged minority shareholders. The high-profile case resumed on May 27, with Lee being represented by the South Korean Big Six firm Bae, Kim & Lee.