An online lender owned and operated by the Lac Vieux Desert Band of Lake Superior Chippewa Indians, a federally recognized Indian tribe (“Tribe”), and Ascension Technologies, LLC, the Tribe’s management and consultant company successfully established that they are each arms of the Tribe and cloaked with all of the privileges and immunities of the Tribe, including sovereign immunity in a recent decision by the Fourth Circuit, Big Picture Loans, LLC. As back ground, Big Picture Loans and Ascension are two entities formed under Tribal legislation because of the Tribe and both are wholly operated and owned by the Tribe. Big Picture Loans provides customer financial services products online and Ascension provides marketing and technology solutions solely to picture that is big.
Plaintiffs, customers who’d removed loans from Big photo Loans, brought a class that is putative when you look at the Eastern District of Virginia, arguing that state legislation as well as other various claims placed on Big Picture Loans and Ascension. Big Picture Loans and Ascension relocated to dismiss the truth for not enough subject material jurisdiction from the foundation that they’re eligible to immunity that is sovereign hands for the Tribe. Continue reading Big Photo Loans Lands Big Profit for Tribal Lenders in Sovereign Immunity Case