Johnson & Perkinson Announces Commencement of Class Action Litigation Naming Morgan Keegan & Co., Inc. and Related Companies
March 06 2008 - 2:50PM
Marketwired
SOUTH BURLINGTON, VT ; RMK Strategic Income Fund (NYSE: RSF); or
RMK High Income Fund (NYSE: RMH) between December 6, 2004 through
December 6, 2007, have the opportunity to meaningfully participate
as Lead Plaintiffs in the currently pending class action litigation
against the Company. To do so, you must apply to serve in that
capacity by April 7, 2008.
Johnson & Perkinson, a litigation boutique law firm based in
South Burlington, Vermont, has extensive experience prosecuting
investor class actions and actions involving financial fraud.
Attorneys Johnson and Perkinson are both former employees of the
Securities and Exchange Commission. Dedicated to maximizing
shareholder return, members of Johnson & Perkinson have
prosecuted complex class actions alleging securities or consumer
fraud/deception on behalf of investors/consumers against numerous
public companies since 1985, resulting in the recovery of many
hundreds of millions of dollars, and have been singled out for
excellence by various courts. The firm is litigating, or has
recently resolved litigation, as Lead or Co-Lead Counsel in
securities class actions against Xerox, Priceline, Wireless
Facilities, i2 and Xchange, and serves on the Executive Committee
in the Global Crossing case.
The pending Complaint charges the Funds' registrants, the Funds'
administrator, Morgan Keegan & Co., Inc., the Funds' adviser,
Morgan Asset Management, Inc., Regions Financial Corp. and certain
of Morgan Keegan's officers and/or directors with violations of the
Securities Act of 1933. The Complaint alleges that the Funds and
the other defendants misrepresented or failed to disclose material
facts relating to (i) the nature of the risk being assumed by an
investment in the Funds, (ii) the illiquidity of certain securities
in which the Funds invested, (iii) the extent to which the Funds'
portfolios contained securities that were illiquid or exhibited the
characteristics of illiquid securities so that they were highly
vulnerable to suddenly becoming unsalable at the prices at which
they were being carried on the Funds' records, (iv) the extent to
which the Funds' portfolios were subject to fair value procedures,
(v) the extent to which the values of such securities, and,
consequently, the net asset values of the Funds, were based on
estimates of value and the uncertainty inherent in such estimated
values, and (vi) the concentration of investments in a single
industry in excess of investment restrictions to which the Funds
were subject.
If you wish to discuss this action or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Johnson & Perkinson
attorneys James F. Conway, III or Eben F. Duval toll free at
1-888-459-7855; via email at email@jpclasslaw.com; through our
website at www.jpclasslaw.com; or by mail at Johnson &
Perkinson, 1690 Williston Road, P.O. Box 2305, South Burlington,
Vermont 05403. Attorneys at Johnson & Perkinson can help you
decide if seeking appointment as a Lead Plaintiff is right for you.
Your ability to share in any recovery is not affected by your
decision to not seek appointment as a Lead Plaintiff.
Contact: Eben F. Duval 802-862-0030 Email Contact
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