He's one of the few dishonest people I've come across who are also dumb enough to appear to believe their own invented claims. You can almost see it happen when he talks - he plucks something out of the air ("regularly? I'm going to have to say libellous!"), repeats it a couple of times, then acts as though it's something he's heard or discovered and talks about it like it's a widely recognized and well-accepted fact, seemingly incredulous that others aren't in on the delusion.
I can think of a group of people that he reminds me of, sovereign citizens. This group of people believe that laws do not apply to them, and they can pick and choose what ones they want to abide by. If it is a law that benefits them, they will obey it. if it is a law that does not benefit them, they won't obey it. They are so delusional they actually think that they know better than people that have spent years in school to become lawyers. They even think that they know more than judges who have x+ years of school and x+ years of professional experience. I have a feeling that Lloyd and sovereign citizens have the same mindset, they always think they are right, and others are always wrong no matter what.