| Class Action Lawsuit Filed Against Morgan Keegan |
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| Written by PrimeNewsWire | |
| Tuesday, 18 December 2007 | |
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New York, New York - Today, the Law Firm of Klayman & Toskes, P.A. announced that a class action lawsuit was filed against Morgan Keegan, in the United States District Court Western District of Tennessee, captioned Atkinson, M.D. et al. v. Morgan Asset Management, Inc. et al., Case No. 2007cv02784. Specifically, the two Morgan Keegan Bond Funds at issue in the class action are the Regions MK Select High Income Bond Fund-I and the Regions MK Select Intermediate Bond Fund-A. However, we continue to investigate other Morgan Keegan Bond Funds which also sustained heavy losses, including the following:These bond funds sustained heavy losses due to the fact that they were over-concentrated in risky collateralized debt obligations ("CDOs") and other mortgage backed securities. Morgan Keegan may have misrepresented these bond funds to be safe, conservative investments. However, they may have been unsuitable for many Morgan Keegan customers in light of the funds' level of exposure to the CDO and mortgage backed securities markets which have plummeted in recent months. If you are an investor in any Morgan Keegan Bond Funds, please contact Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at 888-997-9956, to explore your legal options or to find out how you may recover some of your investment losses. You may also visit us on the web at http://www.nasd-law.com. K&T continues its representation of investors throughout the world in securities arbitration and litigation matters, against major Wall Street brokerage firms for securities violations including fraud, misuse of margin, failure to supervise, unsuitability, misrepresentation and omission of material fact. CONTACT: Klayman & Toskes, P.A.
Jahan K. Manasseh, Esquire
888-997-9956
http://www.nasd-law.com |
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