Welcome to the Regions Morgan Keegan
Closed-End Fund Litigation Website
The Regions Morgan Keegan Closed-End Fund Litigation is a lawsuit alleging that Defendants misled investors about the types of assets and the true value of the assets in which RHM, RSF, RMA, and RHY (the “Closed-End Funds”) invested. In this action, the Court appointed Lion Fund, L.P., Dr. J. Samir Sulieman, and Larry Lattimore to serve as "Lead Plaintiffs" and C. Fred Daniels, in his capacity as Court-appointed Trustee Ad Litem for the Leroy McAbee, Sr. Family Foundation Trust, and appointed Labaton Sucharow LLP to represent the putative class.
The Court in charge of this case still has to decide whether to approve the Settlement and whether to finally certify this as a class action. Payments will be made if the Court approves the Settlement and after any appeals are resolved. Please be patient. If approved by the Court, the Settlement will create a $62 million cash settlement fund for the benefit of eligible investors.
Please be advised that your rights may be affected if you purchased or otherwise acquired the publicly traded shares of the below four RMK Closed-End Funds from their respective initial offering dates through July 14, 2009, inclusive.
- RMK High Income Fund, Inc. (“RMH”)
- RMK Strategic Income Fund, Inc. (“RSF”)
- RMK Advantage Income Fund, Inc. (“RMA”)
- RMK Multi-Sector High Income Fund, Inc. (“RHY”)
Please be sure to read the Notice to fully understand your rights.
IMPORTANT DATES AND DEADLINES
|SUBMIT A PROOF OF CLAIM BY MAY 20, 2013||
The only way to get a payment.
|EXCLUDE YOURSELF BY MARCH 22, 2013||
Get no payment. This is the only option that allows you to ever bring or be part of any other lawsuit about the Released Claims (defined in the Notice) against Defendants and the other Released Defendant Parties (defined in the Notice).
|OBJECT BY MARCH 22, 2013||
Write to the Court about why you do not like the Settlement, the proposed Plan of Allocation and/or the request for attorneys’ fees and expenses. You will still be a member of the Class (defined in the Notice).
|GO TO A HEARING ON APRIL 12, 2013||
Ask to speak in Court about the Settlement at the Settlement Hearing.
Get no payment. Give up rights.