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

Indiana § 24-13-4-1

• Jurisdiction: Indiana
• Art. 13: PYRAMID PROMOTIONAL SCHEMES
• Ch. 4: Private Actions and Proceedings

Text

(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.

Legislative History

As added by P.L.105-2017, SEC.3.