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Dow Jones
The question of whether arbitrators should have to explain their decisions has been hotly contested for years – but new data have emerged showing a widespread desire to learn their rationale. Like many aspects of the debate over arbitration, the argument over explained decisions presents a juxtaposition between efficiency and fairness. While arbitration is meant […]
The Indianapolis Star
Fishers securities attorney Mark Maddox calls them “come-to-Jesus” moments – the time when an investment adviser realizes he has to tell a client his portfolio’s gone to hell. There are a lot of portfolios – held by non-profits, governments and companies – with bonds backed by subprime mortgages. With the burst housing bubble and subprime […]
Memphis Daily News
The Memphis brokerage firm that oversees a group of struggling mutual funds has settled an arbitration claim filed against one of them. The RMK funds saw much of their value wiped out in 2007’s credit crisis. Terms of the settlement between Morgan Keegan & Co. and the Indiana Children’s Wish Fund, a group that grants […]
San Luis Obispo Tribune
This is one of The Tribune’s Top 10 local business stories of 2007. The topics were chosen and ranked by The Tribune’s business staff. Today at No. 6, a story about local investors losing millions of dollars in an equity fund. The No. 5 story was incorrectly published Wednesday. For some San Luis Obispo County […]
Memphis Daily News
At the four law firms across the U.S. where attorneys are jointly investigating the recent management and performance of several Regions Morgan Keegan mutual funds, the phones ring just about every day. Calls are coming in from investors who have lost millions of dollars in the battered funds. And attorneys with the four-firm legal team […]