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INVESTOR ALERTS
We are currently investigating claims by clients relating to the following firms and securities.
1. Lehman Principal Protected Notes \ Lehman Structured Notes \ Guaranteed Linked Notes: These notes are structured investment products that are based in part on the performance of underlying investments, such as Stock Exchange indexes, index options, groups of stocks, bonds, and even hedge funds or a combination of any of the above. These Notes are sold to conservative, risk-averse investors who were seeking to safety of capital and generate income as well as participate in the growth of the general market with little risk.
The sales material and various Brokerage firms represented that investors would enjoy "100 percent principal protection" and "uncapped appreciation potential." However, the notes were subject to more risk than investors were led to believe. When Lehman Brothers filed for bankruptcy protection, the value of these notes plummeted in value causing significant losses to investors.
If you invested in these notes and may have suffered losses contact us to evaluate your case.
2. Wachovia - Evergreen Ultra Short Mutual Funds: If you invested in Evergreen Short Mutual Funds and suffered losses, contact us to evaluate your case.
3. Morgan Keegan Income Funds: If you invested in Morgan Keegan Income Funds and suffered losses contact us to evaluate your matter. Investors in the following funds are claiming that the fund managers deviated from the original strategies and whether it was suitable to market the funds to certain investors in the first place.
- RMK High Income Fund - RMH
- Regions Morgan Keegan Select Intermediate Bond Fund - C, symbol: RIBCX
- Regions Morgan Keegan Select Intermediate Bond Fund - I, symbol: RIBIX
- Regions Morgan Keegan Select High Income - A, Symbol: MKHIX
- Regions Morgan Keegan Select High Income - C, Symbol: RHICX
- Regions Morgan Keegan Select High Income - I, Symbol: RHIIX
- Regions Morgan Keegan Select Intermediate Bond Fund - A, symbol: MKIBX
- RMK Advantage Income Fund – RMA
- RMK Multi-Sector High Income Fund - RHY
- RMK Strategic Income Fund - RSF
Rather than investing client's funds in safe and conservative income securities, the fund managers purchased high risk subprime securities
including collateralized debt obligations, mortgage backed securities, and other illiquid assets incurring substantial losses for fund investors.
contact us to evaluate your case.
4. UBS Financial, Merrill Lynch, Citigroup, Wachovia, Morgan Stanley and others relating to the Fraudulent Sale of Auction Rate Securities and other problems relating to investments. If you have a claim against UBS Financial, Merrill Lynch, Citigroup, Wachovia, Morgan Stanley or other brokerage firms, contact us to evaluate your case.
5. Schwab Mutual Funds. If you invested in the following Schwab Mutual funds and suffered losses, contact us to evaluate your case.
- Charles Schwab Yield Plus Fund (SWYPX)
- Charles Schwab Plus Select (SWYSX)
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