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Posted Jan 6th, 2012
General question - judgments Consumer Fraud and Mortgage Fraud

Additional Details:
1. If there are 8 defendants listed in a fraud case and they lose, is the money judgement (say 100K)
divided equally for payment or will they each have to pay the amount awarded (8 x 100K) , will the
Judge decide the award amount? 2. What happens if 2 defendants decide to settle out of court? 3.
What would the average settlement percentage be (25%, 50%, 75%) of the (100K)? 4. If punitive
damages are awarded (in NJ - 5 times actual loss or 350K, whichever is greater) do each pay the full
amount or is that divided equally as well?
Legal Topic Area: Litigation in NJ

The judgment will say if it is "joint and several" which means all can be required to pay the whole, or not. There is no rule on a settlement amount. Punitive damages are rarely awarded.


Answered on Jan 8th, 2012 at 11:20pm