BIRMINGHAM, Ala., Feb. 5, 2013 (GLOBE NEWSWIRE) -- The Law Firm of Burke, Harvey and Frankowski L.L.C. ("BHF Legal") (http://www.bhfsecuritieslaw.com) advises all Morgan Keegan customers who lost $10,000 or more in the RMK Closed-End Bond Funds and who have not already filed FINRA arbitrations to fully explore all of their legal options in connection with the settlement of In Re Regions Morgan Keegan Closed-End Fund Litigation ("Class Action"), Case No. 07- CV-02830. You have the right to opt out of this settlement on or before March 22, 2013. If you do not opt out, you will release valuable legal rights if the settlement is approved. We are ready to advise you on the opt-out process.
The proposed settlement will result in a few cents on the dollar for aggrieved investors if legal fees and costs of $19.15 million are approved. Many Morgan Keegan customers have done much better than this by filing individual arbitrations. In cases where damages are $50,000 or less, clients do not have to attend an arbitration hearing, and can simply submit a brief to support their claim.
The deadline for filing an objection or opting out of the class is March 22, 2013. If you do nothing by that date, you will be bound by the settlement if it is approved by the Court.
The RMK Closed-End Bond Funds involved in the settlement include the RMK Advantage Income Fund (RMA) n/k/a Helios Advantage Income Fund (NYSE:HAV), RMK High Income Fund (RMH) n/k/a Helios High Income Fund (NYSE:HIH), RMK Multi-Sector High Income Fund (RHY) n/k/a Helios Multi-Sector High Income Fund (NYSE:HMH) and RMK Strategic Income Fund (RHY) n/k/a Helios Strategic Income Fund (NYSE:HSA).
The attorneys at Burke, Harvey & Frankowski, LLC have successfully represented Morgan Keegan customers in arbitrations throughout the country.
Current and former customers of Morgan Keegan are encouraged to contact Attorney Richard Frankowski at 888-930-9091 for a free consultation to explore their legal rights and options. You can email Mr. Frankowski at firstname.lastname@example.org. Visit BHF on the web at http://www.bhfsecuritieslaw.com.
Burke Harvey & Frankowski, LLC has paid for the dissemination of this promotional communication and is responsible for its content. No representation is made that the quality of legal services to be performed is greater than the quality of legal services to be performed by other lawyers.
CONTACT: 888-930-9091Source: Burke Harvey & Frankowski