Morgan Keegan Settles $62 Million Class-Action Suit - Articles

All Content

Posted by: Brittany Sims on Oct 19, 2012

Memphis-based Morgan Keegan & Co. investment firm and more than 10,000 clients nationwide have settled a class-action lawsuit filed after the meltdown of the firm's mutual funds in 2008, the Commercial Appeal reports. The firm will pay out $62 million without admitting any wrongdoing.