Posts for the 'Financial Fraud' Category
Charles Schwab YieldPlus Fund Lawsuits
Investors in Charles Schwab YieldPlus Funds may be entitled to recover some of the losses which have been suffered in recent months. False and misleading statements were made about the funds lack of diversification and the extent of the investment in risky sub-prime mortgage securities. A Charles Schwab class action lawsuit has been filed , however, individuals who lost more than $10,000 should consider filing their own Charles Schwab YieldPlus Fund lawsuit to recover their investment losses.
Bear Stearns Investor Lawsuits
Following the sudden demise of Bear Stearns Cos., many investors are left holding shares that are worth about 90% less than the market value last week. Although the stock had been falling for a few weeks, statements made by CEO Alan Schwartz less than five days ago provided false reassurance to investors about the firm’s liquidity. The financial fraud lawyers at Saiontz, Kirk & Miles, P.A. are reviewing potential Bear Stearns investor lawsuits for individuals who purchased shares of the company’s stock between March 12th and 14th, in reliance upon statements by CEO Schwartz.
Auction rate securities lawsuits
The financial fraud lawyers at Saiontz, Kirk & Miles, P.A. are reviewing potential auction rate securities lawsuits for investors who have suffered damages as a result of “failed” auctions which have now essentially frozen their funds. Although these investments were marketed by many brokerage firms as very safe investments which were similar to money-market funds, approximately $330 billion worth of auction rate preferred shares are now unable to be redeemed by investors. Many individuals relied upon their ability to access these funds, and now are suffering severe financial harm.
Arbitration to Recover Morgan Keegan Bond Fund Losses
Many investors in Morgan Keegan bond funds have suffered substantial losses as a result of negligent management and the brokerage’s failure to adequately inform them about the nature of the securities which were in the funds’ portfolios. The securities arbitration lawyers at Saiontz, Kirk & Miles, P.A. are assisting investors who lost over $10,000 recover Morgan Keegan bond fund losses.
RMK Fund Lawsuits are being pursued for certain Morgan Keegan investors
Hundreds of Morgan Keegan investors are reviewing potential RMK Fund lawsuits to recover losses suffered due to the recent subprime mortgage crash. Regions Morgan Keegan (RMK) mutual fund managers overconcentrated their portfolios in highly vulnerable collateralized debt obligations without fully disclosing the extent of the investments or the true risks they were exposing their investors to. As a result of their mismanagement and fraudulent misrepresentations, investors may be able to recover some of the losses experienced during 2007.
>>INFORMATION: RMK Fund Lawsuits
Morgan Keegan Fraud results in substantial fund losses for investors
Investors in certain Regions Morgan Keegan funds have experienced substantial losses as a result of poor management and fraud. Morgan Keegan made unreasonable investment decisions and failed to adequately inform investors about the true nature of the risk they were exposed to. Over $1 billion in losses have been suffered due to an overconcentration in untested and highly vulnerable securities tied to the subprime mortgage market.
>>INFORMATION: Morgan Keegan Fraud Lawsuits
Morgan Keegan Bond Fund Class Action Suits
As a result of substantial financial losses suffered following the subprime mortgage crash last summer, Morgan Keegan class action suits have been filed on behalf of investors who thought they were putting their money in relatively low risk bond funds. The lawyers at Saiontz, Kirk & Miles, P.A. are reviewing potential Morgan Keegan lawsuits on behalf of investors who lost over $10,000.00, as they may be better able to recover their financial losses through an individual lawsuit instead of filing a claim through the class action.
>>INFORMATION: Morgan Keegan Bond Fund Lawsuit
