The Case
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.
