From 2014 to 2016, we ensured that nearly 1,500 customers got back more than 400 million Norwegian kroner from Norway's largest bank, DNB, after failed investments in the DnB NOR Eiendomsinvest fund. Dagens Næringsliv published an article about the case on 31.01.2015: “DNB pays out after fund fiasco”.
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We won over 97% of our cases and customers got back on average more than 70% of their investment. Those who did not use our service lost more than 70%.
In 2017 we took on Tesla's incorrect marketing of the top model Tesla Model S P85D. They claimed it had 700 horsepower, but tests showed it "only" had 462 – staggering 30% less! Around 1,500 of these cars were sold in Norway. On 30.05.2018 Dagens Næringsliv published the article "Jens Ulltveit-Moe has reached a settlement in lawsuit against Tesla".
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All our customers were compensated, while those who did not claim compensation were left with nothing.
In 2017 we took on the Norwegian brokerage house Nordic Securities. They had sold their customers shares in their own parent company; Nordic Group, at fantasy prices. Dagens Næringsliv published the following article on 12.02.2019: “Reaches settlement in class action lawsuit against Nordic Securities”.
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There were over 200 shareholders in Nordic Group when we took on this case, and many of them had valid claims.
Quite early in the Nordic Securities case process, we got in touch with TV2. They also showed interest in what the brokerage had done and on 17.02.2017 they visited us and made a report on our work.
In the early years, the complaint cases were run through the company Klagehjelp, which at its peak had over 50 employees, in addition to lawyers, investigators, accountants and other external resources. It all started with an idea and ended with me building Norway's first complaint company. Subsequently, complaint assistance has been offered through specialized projects and companies, where everything is specially designed to achieve the best possible result for each participant. I have also gradually opened up for investors to get involved, to move the processes forward.