the knc class action link FAQ page
http://kncclassaction.com/faq/
er went to the above site..here is a quote....kinda sums up my concerns on what happens if KNC wins this case
We require a retainer of 15% of any invoices paid to KNC. (For example, if you paid KNC $10,131.80 USD for a Titan, your retainer will be $1,519.77).
Note:
* If Swedish court demands a security bond for your individual case, you are also liable for a bond, which is refunded upon favorable verdict. We make no guarantee that we can waive your bond requirement.
so as you see my main concern of the above...what is to stop knc from simply appealing on up (till the heat death of the universe)...and or we having to pay more and more fees to the law firm? What is the limit if KNC won the class action and they had say a million bucks in legal fees....if 50 folk were liable under the above senario that is 20k each
and/or again they also if they won could counter sue for damages to their rep with the same group i would imagine
just looks kinda limitless on what burden you are partaking in this class action SHOULD YOU LOSE THE CASE or even if it just drags on and the class action folk run out of $$$ to proceed....
heck that would be my straegy if I was KNC
anyway the above stood out....
i suppose i should send a THIRD email to these people and get the facts (would help if i could find my previous frigging emails and no do a re-do)
heh managed to sign up for the site in the above FAQ link..it states submit an online form to be considered....seems the link for the online form is not coming
up in IE or Firefox....this is hardly encouraging....name and password work...go to this page and fill out form and nada
Yep thats why I dont like going to courd myself as a lawyer family member
I would go for 3 BTC ,, as yoiu paid BTC for the miner.....
KNC can apply for at least 7 years and you have to pay up front.
yeah would suck thou NOT to be one of say the 50 folk on the class action and they WON...in that the class action WILL ONLY APPLY to those involved I guess...but then again
at that point I'd guess with a KNC loss we would be 'motivated' to start another from scratch huh?
but yeah if i could get say a ball park figure of what a worst case loss would cost say cost each of the 50 say as much as 2k plus the 1.5k retainer..i am pissed off enough I might do it...but unless they could narrow it down and such..and it not being such an open ended number...and if you have to keep chucking money out from knc appealing losing appealing etc ....well too open ended for me....visions of usa corps just dragging it out in court till people bugging them run out of money..and a settlement of 10k each or so to 50 people is 500,000 usd..so i can't see knc saying you win either...
will see what kinda info folk can find out..but the fact that the FAQ says that the Swedish court may require a 'bond' to be made by each person in the class action group does not inspire courage on my part....and you pay them from what i can tell the 1.5k then they tell you the particulars of the case you just bought into....
my further exception is that KNC is gonna go with the Swedish law claim that 'mining is a business' so i guess it may boil down to how much the Swedish courts feel like protecting the precedent as a hedge to EU law.......for all I know KNC may think they have the case run just on that one Swedish rule of law ..ie you are a business..so screw you... EU consumer protection and law etc does not apply argument..that may be a BIG deal for Swedish courts to keep for all I know.....sovereignty and all that
all lawyers and court cases of a monetary value ie $$$$ should be replaced with a vigorous round round of 2 out of 3 'rock/paper/scissors for such cases of law...would sure as hell cost a lot less to society......we'd probably have 3/4 less lawyers.........and probably no worse then the court system we have on such monetary law with 'expert witnesses' and all the rest of the rigging of such cases in big moneys favor imho...and we'd have the added benefit of the new trend of martial art rock/paper/scissor dojo's ....whoo hoo...
ah if only btc was still 1k i'd so do this ...knc really really pisses me off.....(never saw anything like their change in attitude from nun to porn star in an ethical point of view)
grrrrrr