Expert testifies in Sake TN, LLC and Seanache Homes, Inc. v. Patrick Moss, IRA Innovations, LLC, Mary M. Wester

In the case Sake TN, LLC and Seanache Homes, Inc. v. Patrick Moss, IRA Innovations, LLC, Mary M. Wester, Arun Sharma submitted a report on behalf of defendants IRA Innovations, Inc. and Mary M. Wester in which he evaluated allegations made by a proposed class of borrowers that defendants made usurious loans and charged interest rates that exceeded the maximum effective rate allowed under Tennessee law. Based on his analysis of underlying documents, promissory notes, and payment records for the potentially at-issue loans, Arun opined that ascertaining the potential class and calculating potential damages would require individualized analysis because of variations in borrower attributes, interest rates, payment structures, payment timing, and loan performance.