New California Law Will Compensate Consumers Defrauded by Businesses ...Middle East

A woman passes by signs advertising Black Friday sales in 2021. File photo by REUTERS/Jeenah Moon Businesses that defraud consumers sometimes pay a couple of thousand dollars in civil penalties under current California law. Or they’ll be ordered to pay millions of dollars, but close down or declare bankruptcy, leaving their victims without compensation. A new law effective Jan. 1 will help change that: It will establish a restitution fund in the state treasury that can be used to try to fully reimburse consumers. Assembly Bill 1366 will let the state attorney general pursue disgorgement, or repayment of ill-gotten gains, in cases where companies violate unfair competition or fal

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