Technically, the land does exist--both as data, and as a user experience--but not as terra firma.
This is the first lawsuit of its type to be filed against Linden Lab. It seems that Bragg lost thousands of real-world dollars because the company didn't like the way he exploited a glitch in their system. His ejection might be permissible according to the Terms of Service for Second Life, but Bragg seems to think there are real-world rules being broken here.
He is the first person in history to sue over a virtual land deal gone sour. He's demanding $8,000 in restitution.
Judge Eduardo Robreno ruled on May 30 that
“The arbitration clause is not designed to provide Second Life participants an effective means of resolving disputes with
I am interested to know what Linden Lab will have to pay to Marc Bragg. Outcome this week.