In November 2020, the Norwegian Competition Authority imposed a fine of 766 million NOK on Verisure and 467 million NOK on Sector Alarm for collusion in the market for alarm services to residential customers. The Authority concluded that Verisure and Sector Alarm, by far the two largest players in the Norwegian market, had engaged in illegal market sharing practices from 2011 until 2017. An association for affected home alarm customers has been established and their opt-out class action claim has been funded by Therium.
The case is the first opt-out class action in the Nordics funded by a professional third party funder.
Without Therium’s funding the claimants would have not been able to pursue this claim.
Consumer Class Action / Group Litigation / Collective Redress / Anti-Trust / Competition
Consumer Services
You may unsubscribe at any time. View our privacy policy
