Morningstar: Anatomy of a Mutual Fund Disaster Anatomy of a Mutual Fund DisasterMonday July 14, 7:00 am ETBy Lawrence Jones
Unlike their closed-end and hedge fund counterparts, open-end mutual fund managers must deal with daily asset flows into and out of their funds. Cash flows can be tricky for managers to handle even in the best of times, but managers often see significant...
Morningstar: Anatomy of a Mutual Fund Disaster Anatomy of a Mutual Fund DisasterMonday July 14, 7:00 am ETBy Lawrence Jones
Unlike their closed-end and hedge fund counterparts, open-end mutual fund managers must deal with daily asset flows into and out of their funds. Cash flows can be tricky for managers to handle even in the best of times, but managers often see significant...
Dunlap Sues Saint Josephs Hospital of Atlanta Again Over Patient Over-Billing Scheme
ATLANTA, August 22, 2008 /PRNewswire/ -- Saint Josephs Hospital of Atlanta, Inc. engaged in a systematic scheme to inappropriately admit and overcharge thousands of patients, according to Page Perry, LLC, which filed a second class action lawsuit Wednesday against the hospital.
James A. Dunlap Jr. & Associates LLC is prepared to file on behalf of investors who lost money in Regions Morgan Keegan bond funds (the "RMK Funds"), including investors purchasing the RMK High Income Fund Inc. (symbol:RMH), RMK Advantage Income Fund (symbol:RMA), and RMK Strategic Income Fund (symbol:RSF), Morgan Keegan Select High Income Fund Class-A (symbol MKHIX), and other Morgan Keegan Funds.
Although marketed as safe and conservative investments, the RMK Funds invested heavily in mortgage-backed securities, many of which consisted of risky subprime mortgage loans. The speculative nature of the securities that the RMK Funds purchased caused the RMK Funds at issue to lose more than 65% of their value in 2007 alone.
James A. Dunlap Jr. & Associates LLC continues to investigate the RMK Funds and expects to file additional cases on behalf of other investors. The firm urges investors to consider pursuing arbitration claims as opposed to participating in a class action. Investors who participate in class actions often recover only pennies on the dollar, whereas those filing arbitration claims may recover substantially more than that. Further, unlike a class action, an arbitration claim allows you to: (1) choose your own lawyer; (2) present the unique facts of your case to an arbitration panel; (3) control the decision whether to settle your case and for how much; and (4) secure a result within approximately twelve months, as opposed to potentially years with a class action.
James A. Dunlap Jr. & Associates LLC is prepared to represent investment fraud victims in securities arbitration and litigation worldwide to recover investment losses caused by brokerage firm and stockbroker misconduct. If you suffered losses in Regions Morgan Keegan bond funds, for a free case evaluation, please contact us today at 404-354-2363 or send us an email to jim @ jamesdunlaplaw.com.
Below are some of the Morgan Keegan Funds subject to claims.
Note that as of December 30, 2008, these fund names have been changed by the fund manager Hyperion Brookfield.
Former RMK funds:
Helios Advantage Income Fund: From RMA to HAV
Helios High Income Fund: From RMH to HIH
Helios Multi-Sector High Income Fund: From RHY to HMH
Helios Strategic Income Fund: From RSF to HSA
Former Regions-Morgan Keegan Select funds:
Helios Select High Income Fund: From MKHIX to HIFAX
Helios Select Intermediate Income Fund: From MKIBX to HSIBX
Helios Select Short Term Bond Fund: MSBIX, no change
