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Bill > S901


NJ S901

NJ S901
Updates notice requirements for actions alleging consumer fraud violations and adds indirect purchasers as parties who can receive damages for antitrust violations.


summary

Introduced
01/27/2022
In Committee
06/27/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

Updates notice requirements for actions alleging consumer fraud violations and adds indirect purchasers as parties who can receive damages for antitrust violations.

AI Summary

This bill updates notice requirements for actions alleging consumer fraud violations and adds indirect purchasers as parties who can receive damages for antitrust violations. Specifically, it amends the New Jersey Consumer Fraud Act to define "unconscionable or abusive" commercial practices as unlawful, requires parties to electronically notify the Attorney General of claims or defenses related to consumer fraud within 24 hours, and amends the New Jersey Antitrust Act to allow indirect purchasers to recover compensatory damages for antitrust violations. The bill also allows the Attorney General to intervene or participate in such actions and provides for the escheatment of unclaimed damages to the state.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (1)

Last Action

Substituted by A1556 (1R) (on 06/29/2022)

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