Oslo Børs has been served with a writ by DNO International relating to the ruling of the Stock Exchange Appeals Committee on 17 September 2009 to impose a violation charge on DNO for a breach of the duty to provide information.
The statement of claim in the writ seeks the cancellation of the ruling on the basis that it is invalid, and also claims NOK 452,550 for the plaintiff's legal fees. Including the claim for repayment of the violation charge of NOK 942,228, the writ represents a total claim approaching NOK 1.4 million.
"In view of the consideration of this matter in 2009 by both the Board of Oslo Børs and the Stock Exchange Appeals Committee, we do not agree with DNO and take note of the writ", comments Bente A. Landsnes, President and CEO of Oslo Børs.
Oslo Børs has no further comment on the writ.