Tribal Sovereign Immunity for Tribal Entity Economic Arms Defeats Cash Advance Class Action

Tribal Sovereign Immunity for Tribal Entity Economic Arms Defeats Cash Advance Class Action

The Lac Vieux Desert Band regarding the Lake Superior Chippewa Indians (“the Tribe”) created two business entities under tribal legislation. Those entities had been Big Picture Loans, LLC and Ascension Technologies, LLC. These people were put up to get to the pay day loan business and charged interest at prices often times the rates permitted under Virginia law. Five class that is prospective filed suit against Big Picture and Ascension alleging violations of state legislation.

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