U.S. Court of Appeals Affirms Dismissal of Federal RICO Lawsuit against MERS and Mortgage Lenders

Reston, Virginia – May 28, 2012 – (RealEstateRama) — MERSCORP Holdings, Inc. today announced that a three-judge panel of the U.S. Court of Appeals for the 11th Circuit affirmed a 2011 decision by U.S. District Court Judge Cecilia M. Altonaga that dismissed an attack on the validity of a Florida foreclosure judgment and thwarted the plaintiffs’ attempt to receive damages through a Racketeering Influenced and Corrupt Organizations (RICO) complaint against MERS and others


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