What Protections Does the Unfair Trade Practices Act Provide?
There are many laws which have been enacted to protect individuals and companies from unfair methods of competition and unfair or deceptive acts or practices in the conduct of any trade or commerce. In Louisiana, business owners and consumers are afforded protection under the Unfair Trade Practices and Consumer Protection Act. The laws contained in this Act provide for the recovery of damages in connection with unlawful conduct perpetrated by retailers, credit card companies and many other businesses. Additionally, the Act entitles the injured person or entity to a recovery of attorney’s fees and if certain formalities are followed, may entitle the injured party to punitive damages equal to three times the actual damages, sustained depending on the actual facts of the case.
