January 22, 2015
Regions Financial Corp. agreed to pay $125 million to end both a putative class action and shareholder derivative suit alleging it mismanaged three open-end mutual funds that tanked in 2007, according to a Tennessee federal court filing on Thursday.
December 13, 2007
A Tennessee asset management company has become the latest firm to be stung by the subprime mortgage crisis, after a group of investors filed a lawsuit against the company alleging breach of fiduciary duty relating to two mutual funds.