In a NewScientistTech post titled 'Game company sued over virtual land squabble' it describes how a gamer in Second Life has filed a lawsuit claiming damages for $32,000 investment he made in the virtual sphere:
"A US gamer has filed a "first-of-its-kind" lawsuit in an acrimonious dispute over the sale of virtual land within the online role-playing game Second Life.
The suit highlights the large amounts of money many gamers are now spending in the hope of reaping a profit within their chosen virtual world.
Second Life lets players buy land and build structures that can then be leased or sold on to other players, often for a profit. The game's currency, Linden dollars, can be easily exchanged for real cash."
Things are becoming serious...soon we'll need virtual judges?