Modoc tribal leaders say loan requests belong in arbitration

By Joyce Hanson (July 25, 2022, 6:55 p.m. EDT) – A tribal entity in Oklahoma has asked a federal judge in Pennsylvania to order arbitration in a proposed class action lawsuit, saying tribal leaders helped manage a loan company charging exorbitant interest rates, arguing that the lead plaintiff had signed agreements that he would arbitrate disputes.

The Modoc Tribe Financial Services Authority and two of the tribes chiefs said in their Friday brief seeking arbitration and a stay of action order that the claims in lead plaintiff Idell Dearry’s complaint, including the Racketeer and Corrupt Influenced Organizations Act, Matter and Common State Law. request, are covered by valid loan agreements from the authority…

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