Many people have lost money due to fraud related to the Morgan Keegan bond funds or other similar investments recently. Burke Harvey & Frankowski, LLC has as its primary goal to help people who have suffered financial loss due to stocks, bonds, mutual funds, or other investments that were mishandled by stockbrokers, banks, or securities firms.
Arbitration vs. Class Action
You may have heard about class actions involving the victims of Morgan Keegan’s fraud. These do exist, but arbitration is another option that may make sense for you.
Arbitration is a legal technique for the resolution of disputes outside the courts where the parties involved refer the matter to one or more people (arbitrators), by whose decision (the award) they agree to be bound. A class action is used in litigation to determine the rights of, and remedies, if any, for large numbers of people whose cases involve common questions of law and/or fact.
For most cases that involve substantial losses, we recommended that you go forward with an arbitration as opposed to taking part in a class action. In class litigation, investors often only recover a very small percentage of their losses. Multiple class actions have been filed against Morgan Keegan, and there will be more to come. It is important to understand the benefits and detriments of class litigation.
On the other hand, arbitration is much faster, and you have much more control over the process. You actually can decide whether to take the last settlement offer or proceed to the arbitration hearing where you may recover losses, attorney fees, interest and costs if you prove a violation of the law.
Arbitration may be a much better choice for investors looking to recover their investment losses in Morgan Keegan Select Intermediate Bond Fund, Regions Morgan Keegan Select High Income Fund or in the closed end funds like RMK Multi Sector High Income Fund (RHY), RMK Strategic Income Fund (RSF), RMK Advantage Income Fund (RMA) and the RMK High Income Fund (RMH).
To learn more about class litigation vs. arbitration or to find out how we can help you recover your financial losses, please email or call Burke Harvey & Frankowski, LLC, toll-free at 888-930-9091 today. Regardless of where in the United States you live, our securities fraud attorneys can pursue your claims on a contingent fee basis – which means that you don’t pay us unless we recover for you.
