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Shareholder Class Action

Shareholders claim in Memphis Federal Court that Morgan Keegan & Co. defrauded them by selling securities at inflated prices while concealing the company's exposure to the subprime mortgage fiasco.

Also named as defendants are Morgan Asset Management, Regions Financial Corp., Morgan Keegan Select Fund, RMK Multi-Sector High Income Fund, MK Holding, Carter Anthony, Allen Morgan Jr., Joseph Weller, James McFadden, Archie Willis III, Mary Stone, W. Pittman, J. Alderman, Brian Sullivan, J. Weller, Charles Maxwell, James Kelsoe Jr., David Tannehill, Michele Wood, Jack Blair, Albert Johnson, and PricewaterhouseCoopers LLP.

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