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Under Texas law, in order to seek treble damages, you must have a statutory basis for doing so. Breach of contract
alone would not be a statutory basis for you to seek treble damages and nothing you have stated above would indicate any grounds to seek such damages.
You would be able to sue for treble damages under the Texas Deceptive Trade Practices
Act if you can prove the team made intentional misrepresentations as to the members as to what they would receive. To avail yourself of a claim under the DTPA, you must send a letter giving them 60 days to settle your claim and specify that you are making the claim under the DTPA and that the failure to settle in 60 days would result in suit and you would under that Act be entitled to up to treble damages.
However, if they decide to settle, under Texas Code section 17.5052(d) of the DTPA, a settlement offer must include an offer to pay the following amounts of money, separately stated:
(i) an amount of money or other consideration reduced to its cash value (settlement in kind), as settlement of the consumer’s damages; and
(ii) an amount of money to compensate the consumer for the consumer’s reasonable attorneys’ fees incurred as of the date of the offer.
If they do not settle in 60 days then you can sue for triple damages plus attorney's fees.
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