BOCA RATON, Fla., Nov. 14, 2008 (GLOBE NEWSWIRE) -- The Securities Law Firm of Klayman & Toskes, P.A. (http://www.nasd-law.com) announced today that it filed additional arbitration claims against Morgan Keegan and Regions Financial Corp. with the Financial Industry Regulatory Authority's ("FINRA") Office of Dispute Resolution. The Claims seek to recover damages sustained in two closed end funds, RMK Multi-Sector High Income Fund (NYSE:RHY), RMK High Income Fund (NYSE:RMH), and two open ended funds, RMK Select High Income, Class C ("RHICX") and RMK Select Short Term Bond Fund, Class I ("MSTBX").
Klayman & Toskes continues to file arbitration claims on behalf of aggrieved investors of the Regions Morgan Keegan Bond Funds from across the country. The arbitration claims involve losses in the following Funds:
Ticker Bond Fund ------ --------- RMH RMK High Income Fund RHY RMK Multi-Sector High Income Fund RMA RMK Advantage Income Fund RSF RMK Strategic Income Fund RHICX RMK Select High Income-C MKHIX RMK Select High Income-A RHIIX RMK Select High Income-I RIBCX RMK Select Intermediate Bond Fund-C MKIBX RMK Select Intermediate Bond Fund-A RIBIX RMK Select Intermediate Bond Fund-I RSTCX RMK Select Short Term Bond Fund-C MSBIX RMK Select Short Term Bond Fund-A MSTBX RMK Select Short Term Bond Fund-I
Klayman & Toskes reminds investors of the benefits of filing an individual arbitration claim, as opposed to participating in a class action lawsuit. By participating in a class action lawsuit, an investor will most likely recover only pennies on the dollar. However, if one has experienced significant losses, it may be more beneficial for them to file an individual securities arbitration claim. In 2003, Klayman & Toskes conducted a detailed study of securities arbitration versus class action. The study concluded that investors who file a securities arbitration claim traditionally obtain an overall higher rate of recovery as opposed to participating in a class action lawsuit. To view the full results of the comparison, please visit our web-site: http://www.nasd-law.com/documents/classvr.pdf
The attorneys at the Law Firm of Klayman & Toskes are dedicated to aggressively pursuing claims on behalf of investors who have suffered significant losses. Klayman & Toskes, an experienced, qualified and nationally recognized securities litigation law firm, practices exclusively in the field of securities arbitration and litigation. It continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms.
If you wish to discuss this announcement or have information relevant to our claims, please contact Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at 888-997-9956, or visit us on the web at http://www.nasd-law.com.