Texas, La. Counties Urge High Court To Hear MERS Fraud Row
Law360, Los Angeles (June 16, 2014, 6:17 PM EDT) -- Louisiana parishes and Texas counties have urged the U.S. Supreme Court to revive their Racketeer Influenced and Corrupt Organizations Act suits accusing banks of defrauding them, alleging in a filing made available Monday that they were injured by the banks' use of Mortgage Electronic Registration System Inc., a database of residential mortgage servicer information, to avoid paying local recording fees.
The county and parish land recorders argued in a petition for a writ of certiorari filed June 2 that the Fifth Circuit erroneously held they didn't have standing to sue because the alleged under-recording of mortgages Bank of New York Mellon...
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