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Hedge World
An Indianapolis law firm hopes to fill what may be a promising niche in the market for securities lawyers: representing institutions in litigation against huge firms, generally the sponsors of hedge funds, who have lost money in the subprime mess. Keith L. Griffin, of Maddox, Hargett & Caruso PC, said in a telephone interview on […]
Memphis Daily News
As the lawsuits and arbitration claims keep piling up on behalf of investors who lost millions of dollars in several Regions Morgan Keegan mutual funds last year, another group of investors is prepping for legal action. The list of people who got caught up in the mutual fund debacle unfolding at the Memphis-based brokerage firm […]
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 […]