Serving Legal Papers Via Facebook & Twitter

April 1 (Bloomberg) -- Social media has changed how we communicate; will it change how we litigate? At least one lone star state politician thinks plaintiffs should be allowed to complete service of process via Twitter or Facebook. State Representative Jeff Leach has introduced a bill that would allow Texas courts to approve substituted service via social media, if the court finds that the "defendant could reasonably be expected to receive actual notice." The court would need confirmation that the account is authentic, and that the defendant regularly uses it. While the service of process via social media would be new terrain, it could be the continuation of a trend. Last month, after establishing that five India-based defendants had knowledge that they were being sued, the Southern District of New York allowed the Federal Trade Commission to serve documents through Facebook. (Source: Bloomberg)

Is a Yield Backlash Around the Corner?
18:37 - The Federal Reserve will refrain from raising interest rates this year and Treasuries are poised to rally, according to Amundi Asset Management, which oversees $1.1 trillion. U.S. policy makers, who meet Tuesday and Wednesday, will stay on hold as they struggle to spur inflation, said Eric Brard, the global head of fixed income. Treasuries will also benefit because they’re attractive compared to bonds in Japan and Europe, where yields are negative, Brard, who is based in Paris, said in an interview Monday in Singapore. Treasuries rose Tuesday. State Street Global Markets Global Head of Macro Strategy Michael Metcalfe discusses with "On the Move" hosts Manus Cranny in London and Caroline Hyde in Berlin.
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