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Norwegian bank risks major fine in country's largest-ever class action lawsuit

180,000 customers claiming to have paid for actively-managed strategies but in truth had a index approach demand more than EUR 40m from DNB.

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The largest class action lawsuit in Norwegian history involving large big domestic bank DNB will soon be settled.

Roughly 180,000 customers led by Norway's consumer protection agency are demanding rebates on capital management fees paid to a series of the bank's funds, reports Norwegian business media DN.no.

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