DALLAS COUNTY, TEXAS vs. MERSCORP, MERS - District Attorney (DA) Craig Watkins Delivers w/ an ALTER-EGO!

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DALLAS COUNTY, TEXAS vs. MERSCORP, MERS – District Attorney (DA) Craig Watkins Delivers w/ an ALTER-EGO!

DALLAS COUNTY, TEXAS vs. MERSCORP, MERS – District Attorney (DA) Craig Watkins Delivers w/ an ALTER-EGO!

DALLAS COUNTY, TEXAS,
PLAINTIFF,

vs.

MERSCORP, INC.; MORTGAGE ELECTRONIC
REGISTRATION SYSTEMS, INC.; STEWART TITLE
GUARANTY COMPANY; STEWART TITLE
COMPANY; BANK OF AMERICA, NATIONAL
ASSOCIATION; AND ASPIRE FINANCIAL, INC.
D/B/A TEXASLENDING.COM,
DEFENDANTS

EXCERPTS:

III.
AGENCY AND CORPORATE VEIL/ALTER-EGO
10. At all times material hereto, each Defendant was acting by and through its actual,
apparent, ostensible, or by estoppel agents and/or employees.

11. Plaintiff moves the Court pierce the MERSCORP and MERS corporate veils and
impose liability upon Defendants Stewart and BOA as shareholders in MERSCORP for the
activities of MERSCORP and MERS alleged herein. Recognizing the corporate existence of
MERSCORP and MERS separate from their shareholders, including Stewart and BOA, would
cause an inequitable result or injustice, or would be a cloak for fraud or illegality. MERSCORP
and MERS were undercapitalized in light of the nature and risk of their business. The corporate
fiction is being used to justify wrongs, as a means of perpetrating fraud, as a mere tool or
business conduit for others, as a means of evading existing legal obligations, to perpetrate
monopoly and unlawfully gain monopolistic control over the real property recording system in
the State of Texas, and to circumvent statutory obligations.

[…]

[ipaper docId=65706643 access_key=key-27u85ehk2tb3tgsqsseg height=600 width=600 /]

 

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One Response to “DALLAS COUNTY, TEXAS vs. MERSCORP, MERS – District Attorney (DA) Craig Watkins Delivers w/ an ALTER-EGO!”

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  1. […] is what I’ve been waiting for. As Professor Peterson says, “This case is scary because if Dallas wins then there are a lot of other counties around the country that are going to follow.” … And […]


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