Cases & Deals

Veterans defeat unlicensed ring of predatory lenders

Clients Charlotte McFerren; Billy Lee Green; Augustus Bostick, Jr.; Mark Adragna; Courtney Koepf; Jason Lyons; Chad Wright; Adrian Russo

Jones Day represented eight veterans of the armed forces who, faced with desperate financial need, had entered into unconscionable, usurious agreements with an unlicensed ring of predatory lenders. The defendants ultimately agreed to a permanent injunction putting an end to the business on a nationwide basis.

Lyons, et al. v. BAIC Inc, et al., No. 6-17-cv-02362 (D.S.C.); McFerren, et al. v. BAIC Inc, et al., No. 6-18-cv-01298 (D.S.C.)