Morgan Keegan Attacks $1.3M FINRA Award In Bond Case

Law360, Dallas (January 22, 2013, 8:15 PM EST) -- Morgan Keegan & Co. Inc. on Thursday filed suit in Texas state court to vacate a $1.3 million arbitration award granted to a former investor who said the capital markets firm misrepresented the risk involved with one of its bond funds, alleging the chief arbitrator was biased.

On Dec. 17, a three-member Financial Industry Regulatory Authority arbitration panel ruled 2-1 that investor Lawrence B. Dale was entitled to recover about $935,000 in damages and interest plus attorneys' fees and costs from the firm, for his claims...
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