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Home / Opinion Digests / Settlements in ‘rent-a-tribe’ class action lawsuits approved (access required)

Settlements in ‘rent-a-tribe’ class action lawsuits approved (access required)

After protracted payday lending litigation with uncertain outcomes and extended settlement negotiations, the settlements were found to be fair and adequate and the attorneys’ fees award of $2,871,000 was approved. However, an award of $5,000 to each plaintiff was refused; instead the named plaintiffs will each receive between $3,000 and $5,000, depending on their level ...