Norway evidently doesn’t have a regulatory physique succesful recovering shopper losses from Lyoness.
That has left Lyoness’ Norwegian victims dealing with the prospect of suing the corporate as civil plaintiffs.
Enter the regulation agency Brækhus and their proposed sufferer class-action.
Brækhus has at the moment assembled thirty Norwegian Lyoness victims for his or her lawsuit. Collectively these former affiliate buyers have misplaced hundreds of thousands of kroner.
Official estimated Norwegian Lyoness sufferer losses are upwards of “a number of hundred million kroner”.
As reported by E24;
Audun Kleppestø within the regulation agency Brækhus desires to herald way more, hopefully 400-500.
Brækhus had wished to pursue authorized motion underneath a single proposed class-action lawsuit in opposition to Lyoness.
Sadly the Oslo District Courtroom rejected the regulation agency’s proposal. The acknowledged cause for the proposal was differing circumstances amongst collaborating victims.
Brækhus has but to make a transfer going ahead.
In associated information, regardless of banning Lyoness in 2019, Norway’s Lottery Authority continues to butt heads with the corporate.
In February this 12 months, one in all Lyconet’s Elden attorneys wrote a letter to the Norwegian Lotteries Authority stating that they might begin up once more in Norway.
Think about being banned nationwide, after which simply emailing a regulator to allow them to know you had been re-entering the nation.
Of their letter Lyoness attorneys tried the previous “we’re direct advertising and marketing, we are able to’t be a pyramid scheme!”
Fortunately the Lottery Authority didn’t purchase it.
“A lot of the earnings from the enterprise in Norway nonetheless comes from recruiting contributors, and the stipulations for persevering with or beginning a authorized enterprise in Norway should not current,” was the reply.
The Lottery Authority additionally requested Lyoness to cease misrepresenting the Oslo Police investigation.
In November 2019 the Lottery Authority reported Lyoness to Oslo Police on suspicion of felony offenses.
Citing an absence of sources, seven months later Oslo Police introduced they wouldn’t be pursuing a case.
Apparently Lyoness has been selling this resolution as affirmation Lyoness is authorized in Norway – which after all is fake.
Additionally false is a declare by Lyoness’ European regulation agency Elden, who informed E24;
We wish to level out that Lyoness, myWorld and Lyconet are fully unbiased firms that function underneath totally different enterprise fashions.
Lyoness is owned and operated by Hubert Freidl. On paper there’s a ton of shell firms connected to Lyoness, however final possession and operation nonetheless falls on Friedl.
When requested for info on Lyoness’ present operations in Norway regardless of being banned, Elden ignored the query.
I’ll hold a watch out for Brækhus class-action updates.