SOURCE: Dyer & Berens LLP

Dyer & Berens LLP

May 21, 2010 18:43 ET

Dyer & Berens LLP Encourages Morgan Keegan Mutual Fund Investors to Consider Their Legal Options as Potential Members of the Class in the Recently-Filed Class Action Lawsuit - HAV, HSA, HIH, HMH

DENVER, CO--(Marketwire - May 21, 2010) -  Dyer & Berens LLP (www.DyerBerens.com) today encouraged Morgan Keegan Mutual Fund investors to consider their legal options in connection with a recent class action lawsuit filed on behalf of all persons who purchased or otherwise acquired shares in the following closed-end mutual funds (collectively, the "Funds") between June 6, 2005 and July 14, 2009 (the "Class Period"):

  • RMK Advantage Income Fund (now, Helios Advantage Income Fund)
    (NYSE: RMA) (NYSE: HAV)
  • RMK Strategic Income Fund (now, Helios Strategic Income Fund)
    (NYSE: RSF) (NYSE: HSA)
  • RMK High Income Fund (now, Helios High Income Fund)
    (NYSE: RMH) (NYSE: HIH)
  • RHY Multi-Sector High Income Fund (now, Helios Multi-Sector High Income Fund)
    (NYSE: RHY) (NYSE: HMH)

The complaint is seeking to pursue remedies under Sections 10(b) and 20(a) of the federal Securities Exchange Act of 1934, and comes on the heels of similar charges of wrongdoing by the Securities and Exchange Commission (SEC), the Financial Industry Regulation Authority (FINRA), and state regulators in Alabama, Mississippi, Kentucky and South Carolina.

Investors who purchased any of the Funds during the Class Period may, among other things: (i) do nothing at this time and remain in the putative class action as "absent class members"; (ii) seek to be appointed by the court as the "lead plaintiff" in the class action (on or before June 28, 2010); or (iii) affirmatively opt-out of the class action and file an individual action. Factors relevant to investors' decisions may include the size of their losses, the timing of their purchases and/or the amount of effort they are willing to expend to attempt to recover their losses. 

For a free consultation regarding your legal options as a Class Period purchaser of Morgan Keegan Mutual Funds, you may contact Jeffrey A. Berens, Esq. at (888) 300-3362, (303) 861-1764, or via email at jeff@dyerberens.com. For more information about Dyer & Berens LLP, please visit our website at www.DyerBerens.com

Contact Information

  • Contact:
    Jeffrey A. Berens
    Dyer & Berens LLP
    303 East 17th Avenue, Suite 300
    Denver, CO 80203
    Tel: (888) 300-3362 or (303) 861-1764
    Email: Email Contact