What damages can I be awarded in a consumer fraud lawsuit?

In Oklahoma, a consumer who has been a victim of fraud can receive several damages in a lawsuit. Economic damages are the most common damages awarded in consumer fraud cases. These damages are meant to compensate a consumer for losses due to the fraud. Examples of economic damages include reimbursement for any monies paid to the fraudulent company, reimbursement for costs of repairing damaged property or items, or compensation for other financial losses suffered as a result of the fraud. In addition to economic damages, a consumer can also be awarded compensatory damages. These damages are meant to cover a consumer’s actual losses, as well as any pain and suffering or emotional distress that the consumer may have experienced as a result of the fraud. Lastly, a consumer may also be eligible to receive punitive damages in a consumer fraud case. These damages are meant to punish the guilty party and to discourage them from committing similar fraudulent acts in the future. Punitive damages are generally only awarded in cases of extreme fraud. In summary, if you have been a victim of consumer fraud in Oklahoma, there are three categories of damages you can receive in a lawsuit. These damages include economic damages, compensatory damages, and punitive damages.

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