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The agency wrote,

"Hello, this is TS Entertainment.

We are here to deliver our official position regarding B.A.P's contract nullification lawsuit that has been reported this afternoon.

All this while, TS Entertainment has tried our best to support the various activities of our artist B.A.P and strived to meet our mutual goals. And like we revealed back on October 28, all their schedules had been cancelled to give them rest as we had made the protection of our artist our priority out of mutual consideration and trust.

And while in the midst of in talks about their future activities, we learned of the sudden lawsuit through news articles.

Currently TS Entertainment is in the process of trying to figure out the details and the truth of the matter. However, we wanted to make clear that there is no such thing as a 'slave contract' or 'unfair contract conditions' in our contracts, and we have never given them unfair, one-sided treatment.

We will take steps to confirm the matter regarding this lawsuit, and respond in an official manner.

We once again convey our sorry hearts for causing concern to all who love TS Entertainment and its artists.

Thank you."

Stay tuned for any other updates that may come on this developing situation.