Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
LeTV.com administratively punished for financial fraud and fraudulent issuance
In 2021, the China Securities Regulatory Commission penalized LeTV.com for illegal acts including financial fraud and fraudulent issuance. LeTV.com was fined 240.6 million yuan, and Jia Yueting was fined 241.2 million yuan. The penalties involved issues including continuous financial fraud from 2007 to 2016.
2021
Court orders iQIYI to pay LeTV ¥50,000 for copyright infringement
Ruling
The Beijing Internet Court found that iQIYI provided two works for online playback without the rights holder’s permission, infringing LeTV’s information network dissemination rights, and ordered iQIYI to pay LeTV ¥50,000 in economic damages.
Source excerpt
法院认为：爱奇艺公司未经权利人许可提供涉案作品的在线播放服务，使网络用户可以在其自行选定的时间和地点获得涉案作品，该行为侵犯了乐视公司享有的信息网络传播权，应当承担赔偿经济损失的法律责任。
最终裁判结果：判决生效之日起七日内，被告北京爱奇艺科技有限公司赔偿原告乐视网信息技术（北京）股份有限公司经济损失共计50000元。
2019
Vizio seeks enforcement of its settlement with LeEco
Lawsuit filed
Vizio filed a new motion in a California federal court alleging that LeEco violated their settlement agreement and asking the court to enforce the agreement and enter judgment against LeEco and related holding companies. The settlement terms remain confidential.
Stated objective. To enforce the settlement agreement and obtain judgment against LeEco and its related holding companies.
Source excerpt
2018年11月，双方达成和解，但协议条款从未对外披露。
Vizio提交的动议--要求法官执行和解协议并对乐视作出判决--内容已经进行了大幅更新。
据外媒报道，当地时间周一，Vizio在向美国加州中央地方法院提交的一份新动议称，乐视违反了两家公司去年就合并失败达成的和解协议，并声这家中国科技企业集团仍欠着一大笔钱。
2019
Jiangsu consumer body files public-interest lawsuit over LeTV TV startup ads
Lawsuit filed
The Jiangsu Consumer Council filed a consumer public-interest lawsuit against LeRong over LeTV-branded smart TVs that it said force startup advertisements that cannot be closed and infringe consumer rights. The Nanjing Intermediate People's Court formally accepted the case on January 2, 2020.
Source excerpt
2019年12月12日，省消保委依法就乐融公司旗下乐视品牌智能电视强行植入开机广告且不可关闭侵犯消费者权益问题向南京市中级人民法院提起消费民事公益诉讼，2020年1月2日，南京市中级人民法院已正式立案受理。
2019年12月12日，江苏省消保委依法就乐融公司旗下乐视品牌智能电视强行植入开机广告且不可关闭侵犯消费者权益问题向南京市中级人民法院提起消费民事公益诉讼，2020年1月6日，南京市中级人民法院已正式立案受理。
2020年1月6日，南京市中级人民法院已经立案受理。
2017
Regulatory and creditor disputes involving the listed company
The listed company faced prolonged trading suspension, debt and accounting-related problems, creditor actions, and regulatory difficulties after the group’s expansion faltered.
2016
Liquidity crisis and delayed-payment controversy
LeEco’s rapid expansion was followed by reported delayed payments to suppliers and other counterparties, raising questions about the group’s liquidity, related-party structure, and ability to finance its commitments.