CORAL SPRINGS, Fla., May 8, 2008 (PRIME NEWSWIRE) -- The securities law firms Blum & Silver, LLP (www.stockattorneys.com) and Dimond Kaplan & Rothstein, P.A. (www.dkrpa.com or www.investmentfraud-lawyer.com) announce that they have teamed up to represent investors who suffered losses in Regions Morgan Keegan Bond Funds ("RMK Funds") investments.
Although marketed as safe investments and recommended for low risk investors, the RMK Funds invested primarily in Mortgage-Backed Securities, most of which consisted of sub-prime mortgage loans, and Collateralized Debt Obligations. The RMK Funds at issue include Regions Morgan Keegan Select High Income Fund, Regions Morgan Keegan Select Intermediate Bond Fund, RMK High Income Fund, RMK Strategic Income Fund, and RMK Advantage Income Fund.
We believe investors will achieve better results on their claims through individual arbitration claims rather than through the class action process.
Blum & Silver, LLP and Dimond Kaplan & Rothstein, P.A. are pursuing arbitration claims before the Financial Industry Regulatory Authority ("FINRA") on behalf of aggrieved investors against the issuer of the RMK Funds, Morgan Keegan & Co. The claims involve allegations of misrepresentation, omissions of material facts, unsuitability, and negligence.
Blum & Silver, LLP is a nationally-recognized securities law firm headquartered in Coral Springs, Florida, with a satellite office in New York, representing investors worldwide with their claims for losses due to stockbroker misconduct and brokerage firm negligence in securities litigation and arbitration matters. The firm has successfully recovered multi-million dollar awards for its clients against the country's top brokerage houses.
Dimond Kaplan & Rothstein, P.A. is an AV-Rated law firm with offices in Miami, Florida and West Palm Beach, Florida. The firm represents investors throughout the United States and Latin America in stockbroker misconduct and investment fraud cases. This firm has represented investors against most major Wall Street brokerage firms in claims involving stocks, options, auction rate securities, hedge funds, mutual funds, bonds, and collateralized mortgage obligations (CMOs).
Blum & Silver's and Dimond Kaplan & Rothstein's attorneys speak English, Spanish, and Portuguese, and they are licensed to practice law in Florida, New York, and Washington, D.C.