By Katryna Perera (August 18, 2022, 5:03 p.m. EDT) – An Illinois resident filed a class action lawsuit Wednesday against a California-based loan company, accusing it of abusing tribal immunity to charge up to 800% interest rate on the loans it disburses.
Plaintiff Tonia Long filed her lawsuit in federal court in Illinois against Layma LLC, also known as Layama LLC, which does business as Little Lake Lending, and its alleged Director and CEO, Ben Ray III.
The lawsuit is on behalf of everyone who took out a loan with Layma or Little Lake Lending at more than 9% interest and was unable to repay the loan in full.
Long claims that when…
Stay one step ahead
In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.
Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and more!