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Class Action Blog

As society becomes increasingly litigious, and as plaintiff attorneys market their services more aggressively, class action litigation is posing a rapidly growing threat to businesses in all sectors.

Class Action Blog
November 12, 2019

Tribal Sovereign Immunity for Tribal Entity Economic Arms Defeats Payday Loan Class Action

The Lac Vieux Desert Band of the Lake Superior Chippewa Indians (“the Tribe”) formed two business entities under tribal law. Those entities were Big Picture Loans, LLC and Ascension Technologies, LLC. They were set up in order to get into the payday loan business and charged interest at rates many times the rates allowed under Virginia law. Five prospective class members filed suit against Big Picture and Ascension alleging violations of state law.