INDIANAPOLIS, Feb. 4, 2008 (PRIME NEWSWIRE) -- The collapse of Morgan Keegan bond mutual funds has led to investor claims and a continuing investigation of Regions Financial Corp. (NYSE:RF), according to a four-law firm legal team with nationally recognized securities law experience.
A class action lawsuit was filed against Morgan Keegan in the United States District Court for the Western District of Tennessee, Atkinson et al. v. Morgan Asset Management, Inc., et al, Case No. 2007cv02784.
February 4, 2008 is the court deadline to file for appointment as Lead Plaintiff.
"If you are an investor that lost more than $75,000, you should consider all legal options," said attorney Mark Maddox of Maddox Hargett & Caruso, P.C. "Morgan Keegan bond mutual fund investors have a variety remedies that they should discuss with qualified counsel."
"Our investigation has revealed that Morgan Keegan brokers were unaware of the true nature of these securities, in part because of how the underlying debt was marketed," added Mr. Maddox.
The law firms are investigating the following funds that have been adversely impacted by the collapse of the mortgage markets and subprime crisis:
* Regions Morgan Keegan Select High Income-A, (Sym: MKHIX), Year to Date Return a/o (12/31/07) -59.74 percent * Regions Morgan Keegan Select High Income-C, (Sym: RHICX), Year to Date Return a/o (12/31/07) -59.95 percent * Regions Morgan Keegan Select High Income-I, (Sym: RHIIX), Year to Date Return a/o (12/31/07) -59.64 percent * RMK High Income Fund, (NYSE: RMH), Year to Date Return a/o (12/31/07) -65.53 percent * RMK Strategic Income Fund, (NYSE: RSF), Year to Date Return a/o (12/31/07) -66.92 percent * Regions Morgan Keegan Select Intermediate Bond Fund-A, (Sym: MKIBX), Year to Date Return a/o (12/31/07) -50.30 percent * Regions Morgan Keegan Select Intermediate Bond Fund-C, (Sym: RIBCX), Year to Date Return a/o (12/31/07) -50.54 percent * Regions Morgan Keegan Select Intermediate Bond Fund-I, (Sym: RIBIX), Year to Date Return a/o (12/31/07) -50.07 percent * RMK Multi-Sector High Income, (Sym: RHY), Year to Date Return a/o (12/31/2007) -65.09 percent * RMK Advantage Income, (Sym: RMA), Year to Date Return a/o (12/31/2007) -66.68 percent
More information is available at www.subprimelosses.com