Appeal verdict in the case of Røeggen

DnB NOR has decided to appeal the court verdict in Røeggen case. The reason is that on several points strongly disagree with the Court’s majority opinions have been made.

Oslo District Court pronounced yesterday’s verdict in the case between DnB NOR and customer Ivar Petter Røeggen. DnB NOR was sentenced to pay 230,000 kroner Røeggen, so that the economic situation for the customer would appear as if the investment in the defendants products had never happened.

– DnB NOR has decided to appeal the court verdict in Røeggen case. The reason is that on several points strongly disagree with the Court’s majority opinions have made, says executive vice president for communications, Trond Bentestuen.

– In particular, our disagreement court reviewers around the information we have provided about the product, risks and opportunities for return, he continues.

Not a unanimous verdict

Yesterday’s verdict was handed down by dissent.

– We have noted that one of the two “lay judges” had voted for acquittal with an explanation that is close to the bank performed during the trial. We have also noted that sentencing the man who signed the court’s majority opinion that the case was so doubtful that it would not be appropriate to instruct the bank to replace Røeggens or Consumer Council’s costs, said Bentestuen.

– Costs were therefore not imposed. It is also interesting that a united right has given support to some basic considerations that the bank has performed. All in all there are many aspects of this sentence to indicate a renewed testing, he continues.

Sad customer meeting

The trial between the customer Ivar Petter Røeggen and DnB NOR started in Oslo District Court 13 April this year, but the dispute had already caused as much attention in the media and among politicians as DnB NOR in January 2009 decided not to want to comply with Bank Complaints Committee statement on the matter.

– This is an issue we really should have been well and think it would be unfortunate to meet our customer in court again. But here we do not agree with the Court’s judgments, and when we hard fail to appeal to the Court of Appeal, said Bentestuen

Source: DnB NOR