With a national practice, Fleming & Associates has the ability to represent clients nationwide in a wide array of corporate, securities, personal injury and product liability practice areas. We have the experience and experience to offer our legal services to both businesses and individuals.
The practice areas we are currently pursuing are:
- Mesothelioma
- Product Liability
- Commercial Litigation
- 18 Wheeler Accidents
- Aviation Accidents
- Wrongful Death
- Fosamax Related Injuries
- Trasylol Related Injuries or Death
13 July 2010
A court case has been filed against Regions Morgan Keegan alleging that the defendants either misrepresented or did not unveil certain factual details about Funds to investors.
According to the Morgan Keegan class action lawsuit, the Funds suffered heavy losses in value because they were invested in new kinds of fixed income securities. The court case also alleges that the defendants did not follow correct procedure in investing the Fund's assets, which made the funds weak to changes in the market. The Funds supposedly suffered a falloff in value of between roughly 50 percent and 60 percent, according to Morningstar Inc.
The proceedings alleges that the defendants misrepresented or did not divulge facts about the Funds including the nature of the risk connected with the Funds, the illiquidity of securities in which the Funds invested, breaches and stipulations in the Funds' portfolios and the focus of investments in a lone industry that exceeded the Funds' restrictions.
The Funds and the classes of shares involved in the Morgan Keegan 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)
Commercial Litigation Lawyer
If you are in need of a commercial litigation attorney, please call or contact us for a free case evaluation and consultation.
