Securities Litigation Massey, Stotser & Nichols P.C. Attorneys Birmingham Alabama

SECURITIES LITIGATION

LIMITED BRANDS AND SKILLED HEALTHCARE GROUP INC POTENTIAL INVESTOR FRAUD
Posted by: Micah Adkins
August 04, 2009

Our firm is investigating investors' claims against Limited Brands that purchased common stock between August 2007 and February 2008 and incurred a monetary loss on the transactions. It appears that Limited Brand's fourth quarter estimated earnings were either overstated or wrongfully stated, and has resulted in damage to its investors.

Our firm is also investigating investors' claims against Skilled Healthcare Group, Inc., for alleged fraudulent reporting practices. The applicable time period for common and preferred shareholders that have suffered a monetary loss between May 14, 2007 and February 9, 2009.

A shareholder derivative class action may be appropriate in both of these cases, but our firm is investigating investors' claims on a case-by-case basis. If you believe a potential shareholder derivative action against either Limited Brands or Skilled Healthcare Group, then you may be entitled to money damages.

Contact attorney Micah Adkins for a free and confidential consultation.

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BANK OF AMERICA ORDERED TO PAY $141 MILLION TO INVESTORS
Posted by: Micah Adkins
December 05, 2008

Bloomberg's Joe Rosenblatt reports Bank of America was ordered to pay investors $141 million in a recent jury verdict. The investors claimed Nationsbanc defrauded its investors about the financial viability of securities backed by Helig-Meyers. The investors claimed Nationsbanc provided them with "incomplete loan delinquency figures and failed to disclose a second set of Helig-Meyers' books." FULL STORY

Our firm investigates investor fraud and aggressively advocates for the rights of investors. For a free consultation, contact attorney Micah Adkins.

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AIG SHAREHOLDER FILES SUIT AFTER GOVERNMENT BAILOUT
Posted by: Micah Adkins
November 06, 2008

NEW YORK (Reuters) - A shareholder claimed in a lawsuit that American International Group (AIG.N: Quote, Profile, Research, Stock Buzz) violated her rights by accepting the U.S. government's $85 billion bailout in September in exchange for a majority stake in the insurer.

FULL STORY

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AVIVA USA SETTLES LAWSUIT FILED ON BEHALF OF SENIORS
Posted by: Micah Adkins
October 27, 2008

Approximately $ 250 million dollars will be refunded as a result of a suit filed by the Minnesota attorney general. The refund will go to senior citizens that invested in AvivaUSA long-term deferred annuities. According to the Minnesota attorney general, Aviva, the nation's largest seller of equity-indexed deferred annuities, wrongly sold the funds to senior citizens. Similar lawsuits have been filed against Allianz Life Insurance Co., American Equity Investment Life Insurance Co. and Midland National Life Insurance Co. Karen Mracek, DesMoines Register. FULL STORY

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Morgan Keegan Bond Investors Line Up to Attempt to Recover Damages
Posted by: Micah Adkins
June 18, 2008

Morgan Keegan investors have lost millions of dollars and are beginning to line up to attempt to recover damages. The sub-prime mortgage problem continues to have a negative impact on investors.

Recently, an arbitration claim against Morgan Keegan was filed on behalf of an investor who lost $ 4 Million Dollars! The unsuitable bond funds involved include: RMK High Income Fund (RMH); RMK Multi-Sector High Income Fund (RHY); RMK Advantage Income Fund (RMA); RMK Strategic Income Fund (RSF); and Regions MK Select High Income Fund (MKHIX).

The plaintiff alleges misrepresentation and omission of material information in the above Funds' registration statements and prospectus releases with regard to the nature, and the extent of the Funds' investments in collateralized debt obligations (CDSs), together with the resulting exposure to the sub prime mortgage market.

The claim further alleges false and misleading statements issued by Morgan Keegan with regard to the Funds' safety, and capacity for generating income (i.e., conservative versus risky investment).

Investors are angry with Morgan Keegan because they feel like Morgan Keegan could have done more to mitigate losses as the sub-prime market began to tumble last year. Many of the investors we have spoken to feel Morgan Keegan could have managed their funds more effectively, and should have come clean with the real risk associated with these Funds.

Charities are also feeling the pain. An Indiana based charitable organization filed a claim against Morgan Keegan this past October for a $ 50,000 loss in one of the RMK funds. Rumor has it that Morgan Keegan has offered a confidential settlement to the charity.

What's the big deal? Did the Funds really have losses? You bet! Six of the RMK funds were found to have lost more than half their value in 2007! Half! Besides the suit for millions in losses above, other investors are seeking to recover sums ranging from $ 10,000 to $1.8 million!

Our firm is actively representing victims of Morgan Keegan's bond mutual funds on a contingency basis. This means our clients will not pay fees or expenses unless we recover.

For a free consultation on recovering losses from the Morgan Keegan bondfunds, please contact Massey, Stotser and Nichols in Birmingham, Alabama at 205-838-9099 Micah Adkins or visit our web site.

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