Delaware sues MERS

Yesterday the state of Delaware filed suit against MERS for a long list of "unfair and deceptive trade practices."  An article about the suit in Business Week is here and a press release from Delaware Attorney General Beau Biden is here.  It will take a while to sort out all the counts of the suit, but it seems from the press release that the main objections to MERS are not with its overall structure but with a failure to follow its own procedures.  This is a developing story so I'll be following it closely and will post relevant updates on this site as they occur.