Wednesday, April 1, 2009

Morgan Keegan Lawsuit

Morgan Keegan Lawsuit Filed


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

The loss of value in these certain Morgan Keegan investment funds has had a noticeable impact on the people who invested in these funds. In most cases, the media highlights individuals that have lost hundreds of thousands of dollars in a stock crisis. However, there are even more people, who did not have a lot of money in the funds, but lost more than they could afford to.

Many investors have lost money when certain Morgan Keegan funds dropped dramatically in value. Even though some people may have only lost what some consider small amounts of money, that was money they worked hard for and will now have to attempt to recover. What's more, many investors are saying that they were told that the funds were safe and they are accusing Morgan Keegan of providing misleading information with regard to those funds.

Regardless of how much or how little money investors lost in Morgan Keegan funds, investors placed their money in these funds in good faith. Investors have a right to reclaim those funds if they believe they were misled regarding the safety and stability of the funds.

If you were invested in Morgan Keegan funds, it may be possible to regain some of your losses by filing a Regions Morgan Keegan lawsuit through securities fraud attorneys.