Mark & Associates, P.C. & Burke, Harvey & Frankowski, LLC File FINRA Arbitration on Behalf of Morgan Keegan Bond Fund Investor
2008年5月17日 - 10:42AM
PRニュース・ワイアー (英語)
Firms Continue to Evaluate Morgan Keegan and RMK Bond Fund
Investors Free Legal Consultations at www.MorganKeeganAttorney.com
UNIONDALE, N.Y., May 16 /PRNewswire/ -- Mark & Associates, P.C.
(http://www.youhaverights.com/) and Burke, Harvey & Frankowski,
LLC announce that they have filed an arbitration request with the
Financial Industry Regulation Authority "FINRA" (FINRA Dispute
Number 08-01562) on behalf of a client of Morgan Keegan who lost in
excess of $104,000 after investing in two Morgan Keegan Bond Funds,
Morgan Keegan Multi-Sector High Income Fund (NYSE:RHY) and Morgan
Keegan Select Intermediate Bond Fund (RIBCX). The arbitration
request's Statement of Claim alleges that Morgan Keegan violated
financial rules and regulations, state and federal securities laws
and Florida common law, by making materially false and misleading
statements and distributing untrue information about the risks of
these funds to regulators and investors. Morgan Keegan &
Company, Inc. is a subsidiary of Regions Financial Corp (NYSE:RF).
For more information on this case please visit
http://www.morgankeeganattorney.com/. The firms believe that Morgan
Keegan and Regions Financial failed to disclose important
information in the funds' registration statements, and in
prospectuses about the funds' investments in speculative
collateralized debt obligations (CDOs). Investors in these funds
were unaware that they were being exposed to the volatile subprime
mortgage market through the funds' heavy concentration of
investments in CDOs. Several of the funds have lost more than 50
percent of their value as the subprime crisis escalated last year.
Mark & Associates, P.C. and Burke, Harvey & Frankowski, LLC
are filing individual claims on behalf of affected shareholders. An
individual claim is unlike a class action claim in that the
remedies sought with individual claims are based upon the specific
merit and facts of a particular loss. Class action claims are
brought by one or more representatives on behalf of a group of
class members who have similar claims. Investors can get more
information by visiting http://www.morgankeeganattorney.com/ or
http://www.youhaverights.com/corporate-fraud/morgan-keegan-mutual-funds
. Investors can request a free legal consultation by completing the
submission form on these websites or by calling 1-866-50-RIGHTS
(1-866-507-4448). About Mark & Associates, P.C. Mark &
Associates, P.C. is a leading consumer law firm with offices in
Boston, Massachusetts and Long Island, New York. The firm
aggressively represents victims of securities and investment fraud,
insurance bad faith, defective products, dangerous pharmaceuticals
and medical devices and serious accidents. More information on Mark
& Associates, P.C. is available at
http://www.youhaverights.com/. About Burke, Harvey &
Frankowski, LLC Burke, Harvey & Frankowski, LLC was founded in
2007 with the idea of creating a new law firm committed to the
representation of consumers and workers. The core philosophy and
goal of the firm is to provide service to those who do not have a
voice and need strong, courageous representation. The firm is
located in Birmingham, Alabama. More information on Burke, Harvey
& Frankowski, LLC is available at http://www.bhflegal.com/.
DATASOURCE: Mark & Associates, P.C. CONTACT: Jason Mark, Esq.
of Mark & Associates, P.C., 1-866-507-4448 Web site:
http://www.youhaverights.com/ http://www.bhflegal.com/
http://www.morgankeeganattorney.com/
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