I wish I could find the quote I think it said the minimun number they would do class action was 20 people (I could be wrong), but I think it was around that number.  If that is true they want 30k to go ahead with KNC lawsuit.  Please correct me if I'm wrong on this.

I have only dealt with lawyers in two occasions. So I'm not a legal expert.  The one that really was a big deal he knew he could do it and he set a percent as he believed in the case.

These lawyers might be great... but I think they should have went with a percentage vs the retainer on class action if they believed in it.

the knc class action link FAQ page

http://kncclassaction.com/faq/


er went to the above site..here is a quote....kinda sums up my concerns on what happens if KNC wins this case




We require a retainer of 15% of any invoices paid to KNC. (For example, if you paid KNC $10,131.80 USD for a Titan, your retainer will be $1,519.77).

Note:

* If Swedish court demands a security bond for your individual case, you are also liable for a bond, which is refunded upon favorable verdict. We make no guarantee that we can waive your bond requirement.



so as you see my main concern of the above...what is to stop knc from simply appealing on up (till the heat death of the universe)...and or we having to pay more and more fees to the law firm? What is the limit if KNC won the class action and they had say a million bucks in legal fees....if 50 folk were liable under the above  senario that is 20k each
and/or again they also if they won could counter sue for damages to their rep with the same group i would imagine

just looks kinda limitless on what burden you are partaking in this class action SHOULD YOU LOSE THE CASE or even if it just drags on and the class action folk run out of $$$ to proceed....

heck that would be my straegy if I was KNC

anyway the above stood out....

i suppose i should send a THIRD email to these people and get the facts (would help if i could find my previous frigging emails and no do a re-do)


heh managed to sign up for the site in the above FAQ link..it states submit an online form to be considered....seems the link for the online form is not coming
up in IE or Firefox....this is hardly encouraging....name and password work...go to this page and fill out form and nada

Searing. I've seen you post this same statement a few times now. This is just FUD and not how the law works.

KNC can appeal the decision ONCE in the Appeals court (Appellate Court) THAT IS IT. In extreme circumstances where a legal precedent needs to be set a party can appeal to the Supreme Court. That is absolutely not the case with KNC.

They have only 3 weeks to appeal the decision from the date they receive judgement. Leave to appeal can also be denied, making the Judges ruling final.

So KNC cannot drag this out ad-infinitum draining the plaintiffs of their finances. It's just not possible. I wish people would do the most basic research before posting statements or making decisions that may cost them or other people thousands of dollars.

Read this if you would like more info on appeals or the Swedish courts system in general http://www.domstol.se/Funktioner/English/Legal-proceedings/Contentious-cases/Appeal/

@notlist3d I know someone posted Joakim was doing a no up front cost deal/percentage, but that is probably a spoof email/scam. As far as I'm aware Swedish law prohibits "No win, No fee" deals so the idea that the lawyers don't have confidence in the case because they won't work on a percentage does not apply here. But I would email them and ask.

Look, if you don't feel you have a strong case and its not worth the risk, sit this one out. Personally I think KNCs case is extremely weak on so many fronts, morally and legally and I'm prepared to put my money where my mouth is. I'm certainly not going to roll over and let KNC shaft me. I've never let anyone do it the past. I see no reason to start now.

As for notthematrix. I sure people here have enough sense to dismiss whatever that fool has to say regarding this or anything else quite frankly.

Do you're own research and come to your own conclusions.

ok I stand corrected..on this case did they ever put a limit on what the amount you can LOSE if KNC wins the case...say on the 'us miners were a business' argument...and what is this security bond....? I can't find anything even in ball park terms...so if knc for example (this is just my paranoia here) was to blow crap loads of money on lawyers for this ie high priced law firms i'd guess (50 people 10k a pop that is 500,000 bucks) and they WIN.....I'd just be kinda annoyed shucking out another 10k to them and the loss of the 1.5k retainer

as to the appeals process I will take you on your word for this

I also had no luck finding the page for the online request to join the class action tonite when i tried so unsure what is up with that ..it just let me register to the site sent me
to a page with a supposed link to this supposed request to join...and nothing

perhaps they expect me to call them with such questions..but the site was not clear enough on risk reward etc with the whole process imho at least on this type of pay up front class action 

Isn't Brock Pierce a big investor in KNC ? Does KNC now own the Bitcoin Foundation ? Is this the final nail in the coffin of the foundation ?

https://www.coindesk.com/brock-pierce-bitcoin-foundation-board-chairman/

If a Titan cube (B1) doesn't mine any longer, is there any chance/idea to get him back mining?

my view is that when he got involved in KNC that is when customer service  went to sh*t and they went the IPO data hall route soon after
the canceling of promised module add ons with their jupiter/saturn lines beyond nov 2013 etc etc


so yeah....fricking BTC is looking like "The empire" from star wars on the Bitcoin foundation side and the the rebels from star wars on the MIT Media Lab and new cryptocurrency
dept that hired the main bitcoin developers on the other hand...(ie academia was instrumental in going open source in turning the Arpanet military net into the framework for
the modern Internet with UNIX between universities etc.....looks like they want lightning to strike twice...if bitcoin protocol is a future big sucess it would be a big deal
to long term future enhancement of MIT .....imho ...i think  a place like MIT is looking for kudos decades ahead....or i hope

we will see.....weird frigging day reading bitcion foundation head is brock pierce and that MIT is gonna house/fund the current main bitcoin core devs via academia model the
same day yesterday ...litterally had to sit back and do a 'double take' to make sure i read both titles right on the daily 'bitcoin' google search 24hrs ..(hey i have no life)

'strange times"

links

http://www.coindesk.com/bitcoin-foundation-director-no-plans-to-fund-core-development/if i

well just saw this above...guess it is all up to MIT project with current core devs now


the corresponding MIT news confirming such


http://cointelegraph.com/news/114046/mit-to-take-over-funding-of-three-bitcoin-core-developers

if I had to choose between the two options above ..I'd rather go the MIT route anyway......hopefully more public and open...and MIT is 'probably' gonna use
this to enhance its reputation rather then "just" a  money making endeavor (hey a person can hope?)

but yeah Brock Pierce involvement in KNC fiasco does not make me warm and fuzzy about him involved in the bitcoin foundation  for me also (hope I'm proven very wrong)





if you can't get it to run at all you 'supposedly' as far as I know send it back to get it replaced from KNC as an RMA....
not sure what they charge for shipping/handling so would check that out ..likely you may pay both ways

and of course turn around is out of your hands...but see if you can get a reply..if it is completely toast and you did not mess with the innards of it
'eventually' you would get it back hopefully working at some point in time..being a completely dead cube as you state above seems like there is little risk
in that it is already 'a brick'

let us know here how the email works for an RMA etc some of us will probably also be in your boat someday ..would be good to know how/what/if/when it
all works out for future reference if needed




very good question I would like to know this as well ...probably they are pretty much maxed out ...but someone confirming such would be great

2 further related questions below

I would like to know if there is anyway in the future ..when or if it becomes needed ..if you CAN upgrade the BFGMINER to whatever next
enhancement or upgrade may come down the way in the future....or even if that would even could be done w/o knc firmware enhancements
etc

my view is (due to the sudden urge to make a full .img file of 2.00 in knc's last update to titan) that this is the LAST Firmware upgrades and/or bfgminer upgrade that will
ever be made..for neptunes or titans ..ie they have pulled up the circus tent and moved on to the giant data hall IPO farm with 16nm etc

so again

1) is it possible in the future or common if you think so to upgrade to future versions of bfgminer versions for the titan?

2) with the source for the firmware out there on github...has anyone looked at further improvements for titan or neptune source as a possible project?

again probably does not matter to do either at this point in time ..but the last thing i programmed was an apple II gs ...so kinda felt the need to ask

well its a generic site you may need to put the asic to sell no? lol itsa  great site i do trust nordish tech soo it will be all good and those miners will sell.

Sorry to hear that!
Think that everyone got some thought like that. What I understand there will be a group speak, but everyone in the group will have their own claim. Perhaps you can claim a small amount of $2000 in different damages that KnC caused. If we/you loose, you will only need to pay $300. But at least you did something against the company. And if we/you win, you will at least get some of it. And you don't need to feel later on in life that you didn't do it when you had the chance. Justice is important!
Even if you paid $13.2K for your Neptune you don't need to take that amount as a 'claim amount' in the court.

Probably it isn't the same thing in this group speak. Please help me with this word, but in Sweden we got this 'base amount' (in swedish: basbelopp). It's 44 500 SEK (~$5600). You don't need to pay any costs at all if the amount in the court is half a 'base amount' (22 250 SEK), perhaps there is some fee of $100-$200 to begin the process. But if you loose, you don't need to pay anything.
But then you probably need to be out of the group speak :/

However at least send an email to one of the loywers. Perhaps it will be cheaper, say 10% of the amount you claim if we get enough peoples in this group speak.