Banks created the Mortgage Electronic Registration System to save themselves a boatload in fees by keeping mortgage transfers off the books of local governments. Now, a New York judge says the whole system violates state law, and banks holding MERS mortgages there can't foreclose. Where will this disaster go from here?
With so many jurors talking about cases they're on via social networks, judges are now updating their warnings to jurors about the sanctity of jury deliberations to include social media. Some are even confiscating smartphones in the courtroom.
Court systems nationwide are facing two forces that could merge into a major crisis in 2010: Caseloads driven by the recession are flooding the courts at the same time as judicial systems are being forced to deal with budget cuts.
The two Internet pioneers are facing off in a legal battle is as old as commerce itself -- a business deal gone sour. How much power eBay has on Craiglist's board of directors is the issue being hammered out in a trial that began Monday.
