Quote from: Mattzees on April 25, 2016, 03:04:36 AM

Quote from: whisper on April 22, 2016, 08:37:20 AM

I understood that the lawyer want another payment from all participants in the case lol Cheesy

. This is expensive as shit!!

So glad I didn't get involved in this nonsense.

was that in the previous posted link...or somewhere else...if not the one above re-post or point it out please

I can't believe the class action lawyers are asking for MORE money

if so not looking good...with the 1500 each put down for the law firm to take this case against knc (think it was 1500 bucks)

AND if you LOSE you pay KNC's legal fees and any judgements against the class action folk losing.

how a Swedish Class Action works ......kinda sucks....also if you lose..knc's law firm likely is not cheap

the class action folk could be out as much as 6k MORE with fees etc and a judgement against them.....and you are so screwed....

hell it could be more....you had to sign something I was told to that effect..thus 1.5k fees plus say another 1.5k fees not refundable

you figure 3k for knc min for law firm (likely more) and that is frigging 6k right there ..hell it could go higher if you lost and that is

again from what I remember PER TITAN OR NEPTUNE ...sheesh

but again looks like IF the law firm of the class action is asking for more $$$ to continue....they are covering their ass as those $$$ are non-refundable

and hell if it is that bad will probably settle with knc and just walk away with the fees.....gathered in both instances just take the fees and with maybe a puny $$ amount

from knc to .....drop the case...or knc would pursue a 'settlement' of more $$$ on top of $$$ to law firm if they class action tanks...it would be puny like most

class action settlements..by the time the lawyers were paid you'd be lucky to break even on fees already spent...win/win for law firms....you'd be like why did i bother Sad

what the hell ..the law firm has (100 in the class action i think they had) 150,000 if they get more to say 200k to walk/settle/split fees and a big screw you

The other reason I never got into this class action is the point KNC always made ...if we by buying any KNC miners you are a BUSINESS

under Swedish law...business transactions under EU consumer protection are NOT protected in any way....a big frigging black hole loophole imho.

Thus there is a REASON Swedish law allows this loophole..to get around EU consumer protection rules.

....thus I had a hard time believing the Swedish Legal System would over throw this business loophole and precedent and rule

against KNC......just saying KNC always acted like their ass was covered in this (Hope I'm wrong)...always said they would never have to pay on anything like this because of such.

But we may witness yet ANOTHER instance where knc screws over a bunch of folk in one last FU moment.....

again hope I'm wrong....but where my mind tends to tread hearing that the law firms are asking for more $$$$ (if true) on top of $$$ already ....

that would NOT inspire me with a lot of frigging confidence....if I was part of the class action...I'd be freaking out Sad

still hope those guys win....