It has for a while been known that the Consumer wants such a lawsuit, since they believe 180.000 customers have paid for a service they have received.
the Oslo district court has now decided that the Consumer now get promote massesøksmålet. It was the Norwegian broadcasting corporation, which first reported this.
DNB has the option to appeal this decision.
Storbanken have also just received the conclusion from the Oslo district court, and shall read it and the reason before the conclusion, with how they align themselves to it.
Consumer plaintiff DNB on behalf of 180.000 customers – only eight have klagd
– 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.
Pilot-opportunity
He explains that DNBs option is that the company along with the Consumer will select pilot customers representing different kundesituasjoner, and let the customers in the same group get the same result after the case has been to court.
in Short, requires the Consumer that the DNB will pay back 690 million spread over all that was a customer of the DNB Norway funds in the years 2010 to 2014, because, that funds shall not have been managed so customers were promised.
This is a historic day for Norwegian consumers, ” says forbrukerrådets director Randi Flesland in a message.
– the district Court is clearly that the case is suitable as a class action, which we also expected since all of the 180.000 customers have purchased the same product and for the same gebyrsats. A class action is the only way these customers can succeed with their claims.
Disagree
the Parties in the case are deeply disagree about a number of points in the case, among other things, DNB and Consumer disagree about the DNB Norway-the funds were marketed as actively managed fund, but, in reality, was hosted approximately equal to the bank’s passive indeksfond.
According to the DNB had only eight of the 180.000 people who are included in the action complained directly to the bank as of september last year.
the Case began in earnest in 2015, when the financial supervisory authority of norway came with harsh criticism of DNBs operation and marketing of the fund DNB Norge.
the Audit meant that investors did not get what they paid for.
Historical massesøksmål
DNB objected to this in several letters, but did, nevertheless, changes in forvaltningsgebyret for the fund.
In January 2016 notified Consumer that they were preparing a class action against DNB on behalf of clients in the fund.
the complaint from the Norwegian Consumer council was delivered in June of last year, and now we have the Oslo district court decided that the lawsuit gets promoted.
Lawsuit can be the biggest massesøksmålet in Norwegian history.
the Audit said that the customers “have been promised and have paid for an actively managed fund, while the public sector is, in reality, have been tight up against the benchmark”. In march 2015 there came the injunction that the bank had to change the management of the fund.
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