MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, December 6, 2007 More Bond Fund Investors Seek Legal Aid to Recoup Losses Bond mutual fund investors hit by the credit crunch are increasingly turning to the legal system for recourse. Today's WSJ Fund Track column takes a look at the latest such case, a complaint against Morgan Keegan that alleges misrepresentation in selling a bond mutual fund. In the complaint an Indiana-based charity claims that it invested $220,000 in the Regions Morgan Keegan Select Intermediate Bond Fund,thinking it was a relatively safe invesment. The fund lost nearly half its value this year. State Street has had seen similar lawsuits related to losses in its bond funds. Printed from: MFWire.com/story.asp?s=16705 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |