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Violation Tracker Individual Record

Company: Sequoia Capital et al.
Penalty: $433,050,000
Year: 2021
Date: March 25, 2021
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Mega-Scandal: Predatory Lending
Violation Description: Sequoia Capital and two other entities agreed to pay $50 million and cancel $383 million in debts to resolve class action litigation concerning their connection to a now-defunct payday lender called Think Finance which was accused of charging exorditant interest rates while using Native American-owned firms as fronts.
Level of Government: federal
Action Type: private litigation
Court: Eastern District of Virginia
Civil or Criminal Case: civil
Case ID: 3:19-cv-00789
Case Name: Gibbs v. TCV V et al.
Private Lawsuit Resolution Type: settlement
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.