A group of family trusts has lost a $7.56 million arbitration claim that highlights the difficulties of winning individual claims tied to various Morgan Keegan funds that have fallen under regulatory scrutiny.
The decision to deny all of the claims that sought more than $7.56 million in compensatory damages plus unspecified punitive damages, attorneys' fees, interest and other relief was made by a Financial Industry Regulatory Authority arbitration panel on Sept. 6.
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