Texas Justices Won't Review Morgan Keegan Securities Suit
Law360, Dallas (February 17, 2017, 3:41 PM EST) -- The Texas Supreme Court on Friday said it would not review wealth management and capital markets firm Morgan Keegan’s argument it was wrongly held liable for not telling investors the true risks of a mortgage-backed securities stake, leaving intact a $2.1 million judgment.
The court denied without comment a petition for review filed by Morgan Keegan & Co. Inc. that argued a lower appellate court “dramatically expanded liability under the Texas Securities Act” when it held the firm had violated state law by misrepresenting the true risks and speculative nature of securities bought by two bond funds managed by Morgan Asset...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!