Nevada Revised Statutes 357.050 – Limitation of damages and waiver of penalty for cooperation of defendant
In a civil action pursuant to this chapter, the court may give judgment for not less than twice or more than three times the amount of damages sustained, and no civil penalty, if it finds that:
Terms Used In Nevada Revised Statutes 357.050
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
1. The person against whom the judgment is entered:
(a) Furnished all information known to the person concerning the act, within 30 days after becoming aware of the information, to the Attorney General or a designee of the Attorney General pursuant to NRS 357.070; and
(b) Fully cooperated with any investigation of the act by the State or political subdivision; and
2. At the time the information was furnished, no criminal prosecution or civil or administrative proceeding had commenced with respect to the act and the person had no knowledge of the existence of any investigation with respect to the act.