Principals of a company can be held personally liable under New Jersey's Consumer Fraud Act, with its treble damages provision, even without a showing of knowledge about the alleged unlawful practice, an appeals panel has ruled. The judges said the act is to be construed liberally, especially when defendants are accused of violating regulations that implement it. Principals of a company are presumed to be familiar with the regulations, and plaintiffs do not have to prove intent in order for there to be liability, the court said.
June 28, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Principals of a company can be held personally liable under New Jersey’s Consumer Fraud Act, with its treble damages provision, even without a showing of knowledge about the alleged unlawful practice, an Appellate Division panel ruled on Wednesday.
Overturning a lower court, the judges said the act, N.J.S.A. 56:8-1 to -184, is to be construed liberally, especially when defendants are accused of violating regulations that implement it.
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