By Caleb Symons (Aug. 31, 2022 at 8:40 p.m. EDT) – California residents who are suing tribal affiliates of payday loan firm Think Finance LLC, accusing them of attempting to circumvent state usury laws, dropped their federal lawsuit after inking an ” “creative” deal that adds $300,000 to another settlement involving the now-defunct lender.
The eight plaintiffs told U.S. District Judge William H. Orrick on Tuesday that they are dropping the case and their class action lawsuit after settling with the final remaining defendants: Haynes Investments LLC, which funded a subsidiary, and its managing partner .
The move came as no surprise as the borrowers – who accused Think Finance…
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