Description: ♐伟德bv1946官网【新人首存50%起】BV伟德国际1946提供真人、体育、电子、电竞、彩票、棋牌等娱乐服务,诚信担保,支付秒到账,客服7 X 24小时在线,让您畅快游戏!
伟德bv1946官网 (126) bv伟德国际1946 (24) regions morgan keegan (1) morgan keegan lawsuit (1) morgan keegan litigation (1) morgan keegan mutual fund litigation (1) morgan keegan class action (1)
REGIONS MORGAN KEEGAN AGREES TO PAY INVESTORS $125 MILLION TO SETTLE CLAIMS OVER MUTUAL FUNDS’ COLLAPSE
On August 2, 2016, after almost nine years of vigorous litigation, the United States District Court for the Western District of Tennessee granted final approval of the $125 million settlements of the open-end mutual fund class action and shareholder derivative actions. The cases were brought against defendants Regions Financial Corporation, Regions Bank, Morgan Keegan & Company, Inc., Morgan Asset Management, and PricewaterhouseCoopers, Inc.
The settlements resolve lawsuits involving allegations of securities fraud and breach of fiduciary duty as to three Morgan Keegan bond mutual funds that collapsed in 2007 after investing heavily in subprime mortgages and other risky debt. The preliminary settlements call for $110 million of cash to be paid to investors in Morgan Keegan's Short Term Bond, Select Intermediate Bond and Select High Income funds, and $15 million of cash to go directly to the funds, less any legal fees.