Dismissal of Federal Securities and Derivative Multi-district Litigation for Morgan Keegan

We obtained dismissal on behalf of Morgan Keegan and related individuals and entities in federal securities and derivative multi-district litigation stemming from investment fund company losses in the wake of the global credit crisis. Representative matters include: Atkinson v. Morgan Asset Mgmt., Inc., 664 F. Supp. 2d 898 (W.D. Tenn. 2009); Ryan v. Morgan Keegan & Co., Inc., 694 F. Supp. 2d 879 (W.D. Tenn. 2010); Daniels v. Morgan Asset Mgmt., Inc., 743 F. Supp. 2d 730 (W.D. Tenn. 2010), aff’d 2012 U.S App. LEXIS 18745 (6th Cir. 2012).

In connection with these matters, we successfully argued issue of first impression under the Securities Litigation Uniform Standards Act before the U.S. Court of Appeals for the Sixth Circuit. Atkinson v. Morgan Asset Mgmt., Inc., 658 F.3d 549 (6th Cir. 2011)

Morgan Keegan (formerly NYSE: MOR) was a national broker dealer institution. In April 2012, Morgan Keegan & Co was acquired by Raymond James Financial.

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