Indiana § 24-13-4-1 Maximum damages under private cause of action; discretionary treble
damages; attorney's fees

Indiana Statutes

§ 24-13-4-1 — Maximum damages under private cause of action; discretionary treble damages; attorney's fees

Indiana·Art. 13 PYRAMID PROMOTIONAL SCHEMES·Ch. 4 Private Actions and Proceedings

(a)A person may bring an action against a person who establishes, operates, promotes, or assists another to promote a pyramid promotional scheme for:

(1)the damages actually suffered as a result of the pyramid promotional scheme; or

(2)one thousand dollars ($1,000); whichever is greater.

(b)The court may increase damages awarded under this section in an amount that does not exceed:

(1)three (3) times the actual damages of the person suffering the loss; or

(2)three thousand dollars ($3,000).

(c)The court may award reasonable attorney's fees to a party that prevails in an action under this section.

(d)Actual damages awarded to a person have priority over any civil penalty imposed under this article.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) A person may bring an action against a
person who establishes, operates, promotes, or assists another to
promote a pyramid promotional scheme for:
(1) the damages actually suffered as a result of the pyramid
promotional scheme; or
(2) one thousand dollars ($1,000);
whichever is greater.
(b) The court may increase damages awarded under this section in
an amount that does not exceed:
(1) three (3) times the actual damages of the person suffering the
loss; or
(2) three thousand dollars ($3,000).
(c) The court may award reasonable attorney's fees to a party that
prevails in an action under this section.
(d) Actual damages awarded to a person have priority over any civil
penalty imposed under this article.

Indiana § 24-13-4-1 (Maximum damages under private cause of action; discretionary treble damages; attorney's fees) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.