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Forbes Reports That Litigation Finance Company Faces Lawsuit By Former Customers Over Allegations of Too-High Interest Rates


Forbes this month reports that a litigation finance company has been sued by former customers, who have alleged that the company charged usurious interest rates.  Says reported John O’Brien in the May 9 article, Customers Sue Legal Finance Company, Allege Interest Rates Over 100%:

Six individuals who did business with Oasis [Legal Finance] are suing the company in Georgia, asking for a federal judge to declare the interest rates charged by the company in violation of the lending laws of the state.  The plaintiffs, who include a charge of usury, are also seeking class action status.

The full article is available here.

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