Merscorp, Others Say Texas Law Precludes Record Fees Suit

Law360, New York (March 12, 2012, 7:13 PM EDT) -- Merscorp Inc., Bank of America NA and others asked a federal judge Friday to dismiss a putative class action alleging they filed false documents in Texas counties' land records and failed to pay required fees, arguing that the Texas legislature had explicitly approved their methods.

Merscorp, Bank of America and co-defendants Aspire Financial Inc., Stewart Title Co. and Stewart Title Guaranty Co. filed a joint motion for dismissal of the case, arguing that the documents in question were not false because the Texas legislature had allowed...
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