Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
varChar
on 27/04/2015, 17:42:30 UTC
I had a great chat with Joakim today, he is one of the lowyers that handle the case against KnC.

One thing I woundered was why there was 3 lowyers in this and why they didn't operated togheter.
His answer was that he had some individual cases against KnC, but since a while back he had been working together with Magnus Daar and Charlotte Lin, and now are they doing it all together.
And it's trough http://kncclassaction.com/ you join the group action with them. Or if you are unsure to join, at least please contact them.

He told me that they are makeing a more complex form because there is so many different situations to handle. And if you have been in contact with them before you will probably get an email about it. Otherwise check out http://kncclassaction.com/ in the next week/weeks.

I said that I know some that are unsure to join because 15% is big amount on ~$12K and if it was possible to join with another amount, eg only claim/demand halft of the amount from KnC. He thought it was a good question and he will discuss it with Magnus Daar and Charlotte Lin.

I asked him about the up-front retainer of 15%, he said that there are alot of people that is intrested. But as he said, they don't know how many that will proceed with it. But it's possible that it will be a smaller retainer then 15%. It all depends on how many that actually joins the group action.


http://kncclassaction.com/
http://dinratt.se/
http://www.riseco.se/

Did you ask about worst case scenario about losing case?  How much could people need to pay twords KNC for legal, and other fees.

I still think if they believed in it they would not need the retainer, maybe a smaller court fees amount.  But no matter what win or lose these lawyers want to get paid it seems.

But that is my 2 cent's I am no legal expert.

No I didn't, but I will. Any others that have any question that you wounder about?

I don't think there will be mutch to pay twords KNC if we loose because:
1. We are really many that will split it.
2. As another wrote in a previous post, it isn't possible for KNC to hire 15 top lawyers and think that we will pay for that. It doesn't work that way.
But I will for sure check it up because neither am I a legal expert! Smiley

It would been good if the retainer went down to 5-10%. Think it will be easier for people to join.