Securities Law Prof Blog

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

Sunday, April 11, 2010

Did Morgan Keegan Hide the Smoking Gun?

Attorneys representing Morgan Keegan customers in arbitrations claim that the firm did not turn over in discovery relevant internal documents in which Morgan Keegan employees questioned the level of risk in bond funds that lost most of their value in 2007-08 after the collapse of the real estate market.  The documents surfaced in the enforcement actions, announced this year, brought by state regulators.  InvNews, Is internal e-mail the smoking gun in Morgan Keegan case?

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