Thursday, January 03, 2008

Memphis Daily News - Morgan Keegan Settles With Indiana Charity for Undisclosed Amount - 1/2/2008

Memphis Daily News - Morgan Keegan Settles With Indiana Charity for Undisclosed Amount - 1/2/2008: "Terms of the settlement between Morgan Keegan & Co. and the Indiana Children’s Wish Fund, a group that grants wishes to children with terminal illnesses, include a payment by the firm to the charity. That payment, the amount of which remains private, was made a little more than a week ago.

The Indiana charity, which lost almost $50,000 investing in the Regions Morgan Keegan Select Intermediate Bond Fund, was one of the first investors in the group of bloodied RMK funds to file a claim or lawsuit recently saying the funds’ volatility had not been fully disclosed."

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