Ind. Code ch. 24-13-4

in effect

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

Sec. 1. (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. As added by P.L.105-2017, SEC.3.

Ind. Code § 24-13-4-2 Class actions

Sec. 2. (a) A person who is entitled to bring an action on the person's own behalf under section 1 of this chapter may bring a class action on behalf of any class of persons of which the person is a member and that has been damaged by the pyramid promotional scheme, subject to and under the Indiana Rules of Trial Procedure governing class actions. (b) The court may award reasonable attorney's fees to the party that prevails in a class action under this section. The attorney's fees must be determined by the amount of time reasonably expended by the attorney and not by the amount of the judgment. The court, however, may consider awarding a contingency fee. (c) Any money or other property recovered in a class action under this section that cannot, with due diligence, be restored to the members of the class within one (1) year after the final judgment must be returned to the abandoned property fund under IC 32-34-1.5-42. (d) Actual damages awarded to a class have priority over any civil penalty imposed under this article. As added by P.L.105-2017, SEC.3. Amended by P.L.141-2021, SEC.10.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/24Fetched: 10/17/2026