IN RE: Regions Morgan Keegan Securities, Derivative and Employee Retirement Income Security Act (ERISA) Litigation - - MDL 2009

  1. January 22, 2015

    Regions Coughs Up $125M to End Suits Over Funds' Collapse

    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.

  2. December 19, 2013

    Regions Agrees To $22.5M Deal In 401(k) Plan Class Action

    Regions Financial Corp. agreed to a $22.5 million class action settlement in consolidated litigation accusing Regions of keeping its stock as an employee retirement plan option even though the company's risky loan practices made it an imprudent investment, according to a Tennessee federal court filing Wednesday.

  3. October 15, 2012

    Morgan Pays $68M To End Shareholder Suits Over MBS Funds

    Morgan Keegan & Co. Inc. on Friday agreed in Tennessee federal court to pay $68 million to resolve a shareholder derivative action and a shareholder class action accusing the company of misleading investors about its mutual funds' risky holdings in asset-backed securities.

  4. September 12, 2011

    Morgan Mutual Fund Shareholder Suit Dismissed

    A Tennessee federal judge on Friday tossed a shareholder derivative suit against Morgan Asset Management Inc. and managers of four of its mutual funds that claimed they misled investors over the funds' content and performance.

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