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Please E-mail suggested additions, comments and/or corrections to Kent@MoreLaw.Com. Date: 10-01-2001 Case Style: Beverly Burden, et al. v. Check in Cash of Kentucky, L.L.C., et al. Case Number: 00-5807 Judge: Clay Court: United States Court of Appeals for the Sixth Circuit Plaintiff's Attorney: John O. Morgan, Jr., Lexington, Kentucky, for Appellees. Defendant's Attorney: Barbara B. Edelman of Dinsmore & Shohl, Lexington, Kentucky, for Appellants. Description: Defendants, Check Into Cash of Kentucky, LLC, and W. Allan Jones, Jr., appeal from the district court's order denying Defendants' motion brought pursuant to the Federal Arbitration Act ("FAA"), 9 U.S.C. § 1 et seq., to compel arbitration of claims brought by Plaintiffs, Beverly Burden, Chapter 13 bankruptcy trustee for multiple estates, et al., alleging violations of federal and Kentucky law arising from high-interest loan agreements between Plaintiffs and Defendants. * * *
Procedural History On June 17, 1999, the Kentucky Supreme Court answered the certified question, finding that a check cashing company licensed under Kentucky Revised Statutes § 368 et seq., which charges a "service fee" for accepting and deferring deposit on checks pursuant to agreements with the makers of the checks, thereby charges "interest" subject to the usury laws and disclosure provisions under § 360. See White v. Check Holders, Inc., 996 S.W.2d 496, 500 (Ky. 1999). * * * Click the case caption above for the full text of the Court's opinion. Outcome: We VACATE the district court's order and REMAND for further consideration of Defendants' motion to compel arbitration in light of Plaintiffs' allegations that the arbitration agreements are unenforceable due to burdensome costs, denial of statutory rights, and uninformed waiver of jury trial rights. Plaintiff's Experts: Unknown Defendant's Experts: Unknown Comments: None |
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