Open-End Fund, Closed-End Fund and ERISA Litigation for Morgan Keegan

Client Type: Public Company

We served as lead counsel for Morgan Keegan and related entities in federal securities, ERISA and derivative multi-district litigation related to investment company losses in the wake of the credit crisis. This litigation involved several large class actions brought under the Securities Act of 1933, the Securities and Exchange Act of 1934, state securities laws and/or the ERISA. All matters were dismissed or settled favorably. The plaintiffs’ allegations sought over $1 billion in damages. In re Regions Morgan Keegan Open-End Mutual Fund Litigation, No. 2:07-cv-2784-SHM-dkv; Landers v. Morgan Asset Management, Inc., No. 2:08-cv-02260-SHM-dvk; In re Regions Morgan Keegan Closed-End Fund Litigation, No. 2:07-cv-2830-SHM-dkv; In re Regions Morgan Keegan ERISA Litigation, No. 2:08-cv-02192-SHM-dkv; In re RMK Securities, Derivative and ERISA Litigation (MDL), Civil Action No. 2:09-md-02009.

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

We served as lead counsel for Morgan Keegan and related entities in federal securities, ERISA and derivative multi-district litigation related to investment company losses in the wake of the credit crisis. This litigation involved several large class actions brought under the Securities Act of 1933, the Securities and Exchange Act of 1934, state securities laws and/or the ERISA. All matters were dismissed or settled favorably. The plaintiffs’ allegations sought over $1 billion in damages. In re Regions Morgan Keegan Open-End Mutual Fund Litigation, No. 2:07-cv-2784-SHM-dkv; Landers v. Morgan Asset Management, Inc., No. 2:08-cv-02260-SHM-dvk; In re Regions Morgan Keegan Closed-End Fund Litigation, No. 2:07-cv-2830-SHM-dkv; In re Regions Morgan Keegan ERISA Litigation, No. 2:08-cv-02192-SHM-dkv; In re RMK Securities, Derivative and ERISA Litigation (MDL), Civil Action No. 2:09-md-02009.

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