Morgan Keegan News

Missouri Insurance Company Sues Over Mamtek Bonds

Columbia, Mo.-based Shelter Insurance has filed a $390 million lawsuit against a Memphis firm that it says failed to do due diligence on a municipal bond offering for the failed Mamtek sweetener plant project in Moberly. The Columbia Daily Tribune …

Brokerage’s Strategy Could Redefine ‘Customer’ in Securities Arbitration Cases

A series of victories by Morgan Keegan & Co. is calling into question who can be considered a “customer” in securities arbitration cases. Most recently, a case involving a partner in the Lion Fund, a hedge fund, led to an …