Quote from: sooraw on May 04, 2016, 09:01:26 PM

Quote from: retro72 on April 30, 2016, 01:52:54 AM

Quote from: whisper on April 29, 2016, 11:34:15 AM

here we go. Lets the drama begins - KNC win Cheesy

Not sure why anyone but a half wit would find this funny but yeah. We lost. KNC won.

I'll say it again for those who have seen this whole shit show unfold and might not actually believe it but, KNC WON.

I haven't read the judgement yet, it came in today and it's in Swedish but my lawyer is going to translate it and send it it over so I'll give you more info, when I get it.

I wasn't in the class action so I can't speak for that but my case was strong based on a number of arguments. Obviously the Judge did not see it that way. The fact that it had to be heard with a number of others may have been to its detriment but I won't know for sure until I read the judgement. Apparently it's very complicated. I won't go into too much as some may want to appeal, but I'll try to answer any questions I can, within reason.

For me it's never been about the money, I've got enough to be comfortable, I'm just not the type of person to take shit lying down. KNC are crooks and we deserved our day in court, it didn't go our way this time, that's life. As any poker player will tell you I was what you would call "pot committed", I had enough down to make the "all in" worth it. This time it didn't pay off. It's not going to ruin my life, I'm just a little pissed that those assholes got away with it. But I guess the law in Sweden is a bit like the law in Britain:

Steal £200 get a jail sentence
Steal £20 million get a Knighthood

I'm guessing there's going to be a lot of new, unused Titans flooding the market in the next few weeks. As for KNC's lawyers fees. I hope they take litecoin Grin

Bump, have you received the transcripts?
Would be interested to hear a short summary of the trial

Except for the case that was quoted in the previous msgs on this thread...where the guy because he lost his case (a 1.5k to the law firm per KNC unit he tried to get back) and NOW has to pay 37k usd to KNC for their legal fees.....

as to the other claims...as far as I understand..it was grouped together as a class action under Swedish law BUT each individual had to provide info and each case COULD be looked at 1 by 1 or the judge could lump it together.....seems to me from what I've heard so far the Judge may be going thru each case

so unless you had one of the early rigs of Neptune or Titan that caught on fire...I bet all these other cases lumped into th class action are gonna go KNC's way as well

an in that they will REPLY TO EACH INDIVIDUAL of the outcome of the case thru the class action law firms (already paid the 1.5k per knc unit up front for fees)

well would you get on here....after getting such info from you lawyer ..that you LOST thus down 1.5k to the law firm you had....and probably another 3k paid to KNC
for damages and their legal fees

yeah I'd jump right on here and say....knc just screwed me out above and beyond my original loss another say 4k ......

We may never really know.....all I know now is the thread on the BIG loss reported (also under one of the lawyers from the class action the swedish guy) and that is because
he is likely to appeal

https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fdigital.di.se%2Fartikel%2Fknc-miner-stams-pa-miljonbelopp&edit-text=&act=url

Anyway the above is 'guessing' on my part remember...but again....perhaps the court is ONLY contacting each knc miner in the class action individually...if they won and what they have to pay the court and knc in fines etc in that they lost

Hopefully we will get public info on all of this ...or someone who gets a notice one way or another will post on here...but hell....if they all lost their respective cases under what KNC always said....''we sell to you..you are a business and not covered by EU or Swedish Consumer Protection"

again we may never really know Sad