ATLANTA, Oct. 6, 2008 (GLOBE NEWSWIRE) -- The Law Firm of James A. Dunlap Jr. & Associates LLC (http://www.jamesdunlaplaw.com) announced that it filed an arbitration claim against Morgan Keegan & Company, Inc., with the Financial Industry Regulatory Authority's ("FINRA") Office of Dispute Resolution. The claims were filed for losses sustained in the Regions Morgan Keegan Bond Funds (Nasdaq:MKHIX) (Nasdaq:MKIBX) and (NYSE:RHY).
According to the Statements of Claim, the Claimants sustained losses in the Morgan Keegan Funds caused by Morgan Keegan's false and misleading statements about the Fund's risk tolerance, asset allocation, lack of diversification, and lack of suitability for the claimants. The Claims also allege that Morgan Keegan violated Rule 10b-5 of the Securities Exchange Act of 1934, as well as applicable state securities laws.
James A. Dunlap Jr. & Associates LLC and affiliated attorneys have filed arbitration claims on behalf of other investors in the Regions Morgan Keegan Bond Funds from across the country. The arbitration claims involve losses in the following Morgan Keegan Bond Funds:
RMH RMK High Income Fund RHY RMK Multi-Sector High Income Fund RMA RMK Advantage Income Fund RSF RMK Strategic Income Fund RHICX Regions MK Select High Income-C MKHIX Regions MK Select High Income-A RHIIX Regions MK Select High Income-I RIBCX Regions MK Select Intermediate Bond Fund-C MKIBX Regions MK Select Intermediate Bond Fund-A RIBIX Regions MK Select Intermediate Bond Fund-I
Specific information about the Morgan Keegan fund claims can be reviewed at http://www.jamesdunlaplaw.com/cms.php?id=36.
James A. Dunlap Jr. & Associates LLC urges investors to consider filing an individual arbitration claim versus participating in a class action lawsuit. Investors who participate in class actions often recover only a small fraction of their claim, whereas those pursuing an arbitration claim may recover substantially more. Further, unlike a class action, an arbitration claim allows you to: (1) choose your own lawyer; (2) present the unique facts of your case to an arbitration panel; (3) control the decision whether to settle your case and for how much; and (4) secure a result within approximately twelve months, as opposed to potentially years with a class action.
If you lost $10,000 or more in the Morgan Keegan Bond Funds, please contact James A. Dunlap Jr., Esquire, of James A. Dunlap Jr. & Associates LLC at 404-354-2363, for a free consultation. You may visit the firm's web site at http://www.jamesdunlaplaw.com.
James A. Dunlap Jr. & Associates LLC focuses on investor and consumer cases brought individually and as class actions. We represent investors both in arbitration and court proceedings in the following areas:
* Sub-Prime Mortgage & Collateralized Debt Obligation Problems * Unsuitability * Breach of Fiduciary Duty * Misrepresentation & Omission * Over-Concentration * Failure to Follow Directions * Selling Away * Mutual Fund Revenue Sharing * Mutual Fund Fraud * Unauthorized Trading * Churning * Margin Issues