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Wednesday, June 19, 2024 | Back issues
Courthouse News Service Courthouse News Service

A Lot of Money

BIRMINGHAM, Ala. - Alabama Reinsurance Trust Fund sued Morgan Asset Management and Regions Financial Corp. for $8.6 million, and punitive damages, claiming they fraudulently concealed the nature of RMK Funds (Regions Morgan Keegan funds), which crashed in 2007-08, losing $2 billion.

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