N.J. Federal Judge: New Evidence Does Not Give Loan Company Sovereign Immunity

(April 22, 2024, 2:02 PM EDT) -- NEWARK, N.J. — A newly submitted waiver agreement does not entitle a payday loan company, which allegedly engaged in usurious practices, to tribal sovereign immunity because the agreement does not protect the company’s corporate structure from future takeovers, a New Jersey federal judge found in denying the company’s motion for reconsideration....