Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Thursday, December 13, 2007

Morgan Keegan Sued over Mutual Fund Losses

Mutual fund investors  filed a federal class action in Tennessee against Morgan Keegan Asset Management, charging that it misrepresented the securities in the portfolios of two funds, an intermediate bond fund and a high income fund.  Both funds have lost about one-half their value this year.  WSJ, Morgan Keegan Sued Over Mutual-Fund Woes.

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