Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
l3sny
on 24/10/2014, 11:14:05 UTC
For now there is no decent, reliable lawyers to assist with the claim, class action or group action. Nova wants $1,500 just for sending a letter to knc. No client care policy, no tactics nothing. If someone has instructed them please share your experience. US attorney is for US citizens I presume. Perhaps they can issue there.


Wanting all that money up front is not a good sign, and is probably a waste of time and will be throwing good money after bad.

If he was confident of winning, he'd do it on a no-win no-fee basis, charge 10% if successful and make a few hundred thousand.

According to Magnus Daar, they're not allowed to do that in Sweden. Every Swedish lawyer I've talked to has asked for a retainer around $1500 for a letter and pre-trial prep. Costs will obviously rise if it gets to court.  So it's put your money where your mouth is time.

So they are telling you there is no win no fee in Sweden? I do not believe. I just got response from Magnus and he is asking for more details. I will respond and let you know what's the story. My claim relates to a nuber of Jupiters (I asked for return within 7 days after delivery in EU) and one Neptune as basically I did not get the 'bonus' Neptune as per their promise from May.

Hi,

Maybe we need to set up crowdfunding or something similar to pay for legal costs?
If everyone would chip in some BTC, € or $ we'd get there very quickly I presume.
Keep us posted on his response l3sny.

P.S. Also still waiting on "bonus" Neptune to be delivered Sad

I am of the same opinion.
I think we need:
set up a community website (or perhaps use the existing one i.e. http://kncnews.org/legal)
discuss with the lawyers chances of the claims (the claims will be on different footing, some will be for the Jupiters some other for titans and other for Neptunes etc.) and tactics
collate the claimants and their evidence (date/ref. of the order, when delivered, what were the problems, where they adressed, was there RMA, was there a refund demand, correspondence from KnC and probably a few more bits and pieces, this I think relates only to EU based clients but I might be wrong, the lawyers will tell it)
agree funding with the lawyers once we are satisfied there is a number of claims with reasonable chances of success.

For now I will try to discuss my case with them with a view to share my opinion on the matter. Unfortunately it will be very difficult to co-ordinate this via public forum as most of the information is confidential.

Yes I think that we would need to put some money up infront but only when we are sure there are reasonable chances of success. I do not think a % contract  would be available as indeed it is illegal in many jurisdictions. I imagine that it is illegal in Sweden either. But this can be sorted in some other way I am sure.