Consumers Claim $8M In Atty Fees In Case Of Payday Loans

By Joyce Hanson (June 14, 2022 at 8:54 p.m. EDT) – Consumers who have sued the owners of now-defunct payday lender Think Finance have ordered a federal judge in Virginia after their preliminary approval for more than $8 million in attorneys’ fees and -requested $44.5 million in class-action settlement costs.

The tentative settlement follows several years of litigation in multiple jurisdictions and comes on allegations that Think Finance used Native American-owned firms as a front to charge excessively high interest rates, according to consumers’ Friday filing for attorneys’ fees $8.3 million and $20,000 in service awards for each of the 13 named plaintiffs.

“The class attorney took this case on…

Stay ahead of the curve

In the legal profession, information is the key to success. You need to know what’s happening with customers, competitors, operations, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data in articles (numbers, files, courts, type of action and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics, and more!

TRY LAW360 FREE SEVEN DAYS

Comments are closed.