the Norwegian Consumer council believes 180.000 customers in three mutual fund has paid for a service they have received. The background for the claim is a claim that the funds are sold and marketed as actively managed, but only 12 per cent of the DNB Norway-the fund was actively managed, thinks the Consumer. The bank has denied this.
the Oslo district court has now decided that the council receive the promote massesøksmålet.
Forbrukerrådets director Randi Flesland is brilliant happy after the Consumer received the court upheld in that case can be brought as a class action, represented by the Norwegian Consumer council.
– Now is 180.000 customers one step closer to get back 690 million they have paid for a service that isn’t delivered, ” she says.
– DNB tried to block
It is important that the court gave the under in that customers can be represented, for that action at all feasible, says forbrukerdirektøren.
– It is an impossibility that 180,000 people to sue individually. They have purchased the same product and paid the same gebyrsats, and it is natural that one sees the action overall, she says.
– DNB attempted to block the possibility that this case should be tried as a class action, but where we got the court pursuant. The court writes that gruppesøksmålsinstituttet is made just for this type of cases, ” she adds.
the Core of the matter is that customers and Consumer thinks that they have paid for a more active investment management than they got. This is an important question to get clarified, believes Flesland.
DNB with option
DNB now has two-week deadline to appeal the ruling. When a class action lawsuit might get for the right, it is too early to say. The company has the option to appeal this decision.
Friday received the DNB conclusion from the Oslo district court. The company will read it and the reason before the conclusion, with how they align themselves to it.
– This applies to the is not the actual case, but how the matter should be brought to justice. It is a prosedyrespørsmål that need to be clarified. Where has the Consumer desired a class action lawsuit, says cio Even Westerveld in the DNB to the NTB.
He explains that DNBs option is that the company along with the Consumer will select pilot customers representing different kundesituasjoner.
– For example, those who are left with more rate of return after costs, and those who haven’t got it in this fund. And also the difference between the customers who have been inside for a long time and those who have been inside a short time, says Westerveld.
DNB will leave the result of such a pilotløsning apply to the other customers in the same group. (©NTB)
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