Mark D. Mailman of Francis Mailman Soumilas. Courtesy photo Pa. High Court Holds Consumers Can Receive Both Punitive and Statutory Treble Damages Under the CPL
Recently, the Pennsylvania Supreme Court was asked to decide whether a plaintiff could simultaneously recover punitive damages under common-law theories and treble damages under the CPL. In a win for Pennsylvania consumers, the court in Dwyer v. Ameriprise Financial, held that a plaintiff could.
June 20, 2024 at 11:42 AM
8 minute read
The Pennsylvania General Assembly enacted the Unfair Trade Practices and Consumer Protection Law (CPL) in 1968 to protect the commonwealth's consumers by prohibiting "unfair methods of competition and unfair or deceptive acts or practices in the conduct of any trade or commerce."
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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