The NEW Consumer Fraud Act Would Cap Attorney Fees
There is a cap on attorney fees in the Consumer Fraud Act amendments.
One of the primary purposes of the Consumer Fraud Act is to attract competent counsel. However you address this issue, we have a free market system and attorneys earn consistently with their ethical obligations under the Rules of Professional Conduct.
THE BOTTOM LINE IS THAT A CAP ON FEES ONLY ENCOURAGES LARGER AND MORE COMPLEX FRAUD THAT IS MORE COMPLICATED TO UNWIND. END OF STORY.
THIS IS VERY SIMPLE.