ITT Financial Corp. v. Johns

*52MEMORANDUM OPINION

This case is before the court on the plaintiff's motion for summary judgment on the defendant's counterclaim. The motion will be granted.

FACTS

On January 23, 1987, the plaintiff Island Finance of the Virgin Islands brought this action for debt against the defendant Randall Johns, an attorney, in the amount of $3,240.00. The defendant counterclaimed, alleging that the interest rate on the personal loan violated the V.I. Small Loans Law, 9 V.I.C. § 181 et seq., and that the plaintiff falsely induced the defendant to take out the loan. The defendant's motion for summary judgment…