A multipronged attack by a gaggle of banks and the Mortgage Electronic Registry System on a proposed class action brought by an Ohio county has been re-routed from federal to state court.
The Geauga County, Ohio, prosecutor, represented by Bernstein Liebhard, accused MERS and the banks of improperly recording thousands of loans in their zeal to fuel the mortgage securitization boom, bilking the counties out of fees in the process.
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