The Morgan Keegan crisis has begun to hit closer to home. While investors have lost millions in the Morgan Keegan bond mutual fund crisis, employees of the firm have seen their retirement accounts plummet in value.
Case filings and investors stories are becoming public. We are hearing similar stories from investors of having put away retirement, life, and savings designated as nest eggs only to find them whittled down to next to nothing over night. This alleged incident has given rise to several alleged litigation cases against the investment firm.
Employees of Morgan Keegan are allegedly experiencing the same dilemma as investors. Much of the employees' investment money was allegedly set aside in Morgan mutual funds in the form of pension plans. Many of the Morgan Keegan employees will allegedly have recourse under ERISA, which came into being during 1974. Employees of the investment firm are allegedly retaining counsel from a myriad of attorneys across the country.
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