Pawnderosa Pawn Shops, Inc. v. Conley

The Supreme Court reversed the circuit court’s order certifying a class in this action filed by Appellees alleging that Appellants’ business practices violated the anti-usury language of amendment 89 to the Arkansas Constitution and of the Arkansas Deceptive Trade Practices Act. The circuit court’s order defined the class as any and all “persons who have owed, currently owe or will incur debts” arising out of transactions with Appellants. For the reasons set forth in Arch Street Pawn Shop, LLC v. Gunn, 2017 Ark. 341, also decided today, the Supreme Court held that the circuit court abused its discretion in certifying the class. View "Pawnderosa Pawn Shops, Inc. v. Conley" on Justia Law