Consumer Transactions May Have Become Riskier

Law360, New York (July 3, 2007, 12:00 AM EDT) -- What happens when a $16,400 truck turns into a $470,000 verdict? You catch the eye of one governor, incur the ire of a second, and in the process create a constitutional law question worthy of any bar examination. Moreover, if you sell to consumers, the ability to assess your litigation risks virtually disappears.

This is exactly the situation Ohio businesses now face because the extent to which a consumer may recover noneconomic damages under Ohio's Consumer Sales Practices Act (CSPA) remains unresolved.

The CSPA exists to...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.