New Jersey A886 sets requirements for consumer fraud act claims and limits attorneys' fees.

New Jersey A886 amends the consumer fraud act by establishing specific criteria for asserting a cause of action and limiting the awarding of attorneys' fees. Claimants must show they acted as reasonable consumers, that the alleged unlawful act would mislead a reasonable consumer, and that they suffered actual damages. The bill also mandates that any awarded attorneys' fees must be reasonable relative to the judgment amount. The act applies retroactively to all pending or filed actions.

New Jersey A886 sets requirements for consumer fraud act claims and limits attorneys' fees.

New Jersey A886 amends the consumer fraud act by establishing specific criteria for asserting a cause of action and limiting the awarding of attorneys' fees. Claimants must show they acted as reasonable consumers, that the alleged unlawful act would mislead a reasonable consumer, and that they suffered actual damages. The bill also mandates that any awarded attorneys' fees must be reasonable relative to the judgment amount. The act applies retroactively to all pending or filed actions.