Treble Damages

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TREBLE DAMAGES

A recovery of three times the amount of actual financial losses suffered which is provided by statute for certain kinds of cases.

The statute authorizing treble damages directs the judge to multiply by three the amount of monetary damages awarded by the jury in those cases and to give judgment to the plaintiff in that tripled amount. The clayton act (15 U.S.C.A. § 12 et seq.), for example, directs that treble damages be awarded for violations of antitrust laws.