Tribal Treasurer Shielded From Claims Over Unpaid Loan, Federal Judge Says

Mealey's (April 6, 2018, 2:32 PM EDT) -- NEWARK, N.J. — A New Jersey couple that loaned $25,000 — all of their retirement savings — to the owners of an oil company who promised repayment plus a $10,000 dividend within a month and then defaulted cannot pursue claims against the treasurer of an Indian tribe for a tribal member’s promise to repay the loan with the tribe’s dividend checks due to the tribe’s sovereign immunity, a federal judge held April 3 (Eugene J. Long, et al. v. Ruben M. Barrett, et al., No. 2:17-cv-5741, D. N.J., 2018 U.S. Dist. LEXIS 57583)....