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MORGAN KEEGAN ACCUSED OF FRAUD


Posted on Apr 16, 2010

 Morgan Keegan Select High Income Fund and Morgan Keegan Select Intermediate Bond Fund were hit particularly hard by the subprime mortgage crisis.  Fund managers invested heavily in new, untested types of mortgage securities and failed to minimize the risk of losses by placing a large portion of the portfolios into collateralized debt obligations (CDO).  As a result of the Morgan Keegan mismanagement, certain bond funds suffered losses between 50% and 67% during 2007.  No other mutual funds in the United States suffered the losses attributed to subprime mortgage exposure.  

IF YOU BELIEVE YOU SUFFERED LOSSES AS A RESULT OF MORGAN KEEGAN BOND FUND FRAUD PLEASE CONTACT MATTHEW L. WHITE FOR A FREE CONSULTATION AT mwhite@grayandwhitelaw.com

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