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Morgan Keegan (securities fraud) Emerging Class Action Lawsuit

> Morgan Keegan (securities fraud)

Morgan Keegan (securities fraud)	SPREAD THE WORD

| 145 | LEAD PLAINTIFF: Case Filed: 2008-03-17

Case Summary:
According to the lawsuit, the Funds suffered heavy losses in share value because they were invested in new types of fixed income securities. The lawsuit also alleges that the defendants did not follow proper procedure in investing the Fund’s assets, which made the funds vulnerable to changes in the market. The Funds allegedly suffered a decline in value of between approximately 50 percent and 60 percent, according to Morningstar Inc.

The lawsuit alleges that the defendants misrepresented or did not disclose facts about the Funds including the nature of the risk associated with the Funds, the illiquidity of securities in which the Funds invested, breaches and conditions in the Funds’ portfolios and the concentration of investments in a single industry that exceeded the Funds’ restrictions.

The Funds and the classes of shares involved in the lawsuit are:

* Regions Morgan Keegan Select High Income Fund A (MKHIX)
* Regions Morgan Keegan Select High Income Fund C (RHICX)
* Regions Morgan Keegan Select High Income Fund I (RHIIX)
* Regions Morgan Keegan Select Intermediate Bond Fund A (MKIBX)
* Regions Morgan Keegan Select Intermediate Bond Fund C (RIBCX)
* Regions Morgan Keegan Select Intermediate Bond Fund I (RIBIX)

Case Detail:
A lawsuit has been filed against Regions Morgan Keegan alleging that the defendants either misrepresented or did not disclose certain material facts about Funds to investors. The Funds in question are the Select Intermediate Bond Fund (“MKIBX”) and the Select High Income Fund (“RHIIX”). The lawsuit was filed on behalf of investors who acquired shares of either fund between December 6, 2004, and October 3, 2007.

2011-07-14
Class Action Investigation Member: haroldbolton	Case Details: They would call him constantly and make changes to his account. just doing it for the commissions Lawyers: Log in, to contact and help these plus THOUSANDS of other clients right now!

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Morgan Keegan (securities fraud) Emerging Class Action Lawsuit

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