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Morgan Pays $68M To End Shareholder Suits Over MBS Funds

By Brian Mahoney ( October 15, 2012, 3:05 PM EDT) -- Morgan Keegan & Co. Inc. on Friday agreed in Tennessee federal court to pay $68 million to resolve a shareholder derivative action and a shareholder class action accusing the company of misleading investors about its mutual funds' risky holdings in asset-backed securities....

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