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Stein et al v. Regions Morgan Keegan Select High Income Fund, Inc. et al
Case Number:
2:13-cv-02841
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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May 19, 2016
6th Circ. Says Morgan Keegan Investors Can't Pause Clock
The Sixth Circuit ruled on Thursday that investors had been too slow to sue Regions Financial Corp. investment advisers over allegedly dicey Morgan Keegan asset-backed mutual funds, saying federal securities laws' repose deadlines can't be paused — deepening a circuit split.
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September 29, 2014
Morgan Keegan Still Stuck With Majority of ABS Suit
A Tennessee court has largely denied Regions Financial Corp.'s motion to dismiss a suit over representations of Morgan Keegan asset-backed mutual funds, saying it would not rely on a Second Circuit decision currently on appeal to the Supreme Court as a basis to shorten the statute of limitations.
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October 25, 2013
Morgan Keegan Funds Duped Investors On ABS, Suits Allege
Regions Financial Corp. was hit with separate lawsuits in Tennessee federal court Friday alleging the firm's former Morgan Keegan income funds stocked up on risky asset-backed securities for years without telling investors.