IN RE REGIONS MORGAN KEEGAN SECURITIES, DERIVATIVE & ERISA LITIGATION

Nos. 2:09-md-02009, 2:08-cv-02830

IN RE REGIONS MORGAN KEEGAN SECURITIES, DERIVATIVE & ERISA LITIGATION, CEIL WALKER NORRIS, in her role as co-trustee and beneficiary of the Walker Marital Trust #2, the Vernon Walker Trust for Cecilia Walker and The Vernon Walker Trust for Deloss Walker, as principal and beneficiary of the Ceil Walker Rollover IRA, WALKER & ASSOCIATES, INC., and CEIL T. WALKER REVOCABLE TRUST, Plaintiffs, v. MK HOLDING, INC. d/b/a/ REGIONS MORGAN KEEGAN TRUST COMPANY and REGIONS FINANCIAL CORPORATION, Defendants.

United States District Court, W.D. Tennessee, Western Division.

August 17, 2017.

Editors Note
Applicable Law: 15 U.S.C. § 77
Cause: 15 U.S.C. § 77 Securities Fraud
Nature of Suit: 850 Securities / Commodities
Source: PACER


Attorney(s) appearing for the Case

In re Regions Morgan Keegan Securities, Derivative and Employee Retirement Income Security Act (ERISA) Litigation, represented by Adam Julien Gana , NAPOLI BERN RIPKA & ASSOCIATES, LLP.

In re Regions Morgan Keegan Securities, Derivative and Employee Retirement Income Security Act (ERISA) Litigation, represented by Albert C. Harvey , NAHON SAHAROVICH & TROTZ, PLC, Andrew Berke , BERKE BERKE & BERKE, B.J. Wade , SKOUTERIS & MCGEE, PLLC, Charles M. Thompson , LAW OFFICE OF CHARLES M. THOMPSON, Dale H. Tuttle , GLASSMAN EDWARDS WYATT TUTTLE & COX, P.C., Derek W. Loeser , KELLER ROHRBACK, LLP, Ellen M. Doyle , STEMBER FEINSTEIN DOYLE PAYNE & KRAVEC, LLC, Emily C. Komlossy , Komlossy Law, P.A., Frank L. Watson, III , WATSON BURNS, LLC, Grace Robinson Murphy , MAYNARD COOPER & GALE, Harold Naill Falls, Jr. , FALLS & VEACH, J. Timothy Francis , JAMES L. NORTH & ASSOCIATES, pro hac vice, James G. Stranch, III , BRANSTETTER STRANCH & JENNINGS, PLLC, Jerome A. Broadhurst , APPERSON CRUMP, PLC, John J. Carey , CAREY & DANIS, L.L.C., John David Collins , MAYNARD COOPER & GALE PC, pro hac vice, John A. Cremer , CREMER & CREMER, John McQuiston, II , EVANS PETREE, PC, John B. Veach, III , FALLS & VEACH, Kenneth C. Johnston , Kane Russell et al, Kevin C. Logue , PAUL HASTINGS JANOFSKY & WALKER, LLP, Mark P. Chalos , LIEFF CABRASHER HEIMANN & BERNSTEIN, LLP, Paul J. Dobrowski , DOBROWSKI LARKIN & JOHNSON, LLP, Peter Burke , Burke Harvey, LLC, Peter S. Fruin , MAYNARD COOPER & GALE PC, Randall K. Pulliam , CAULEY BOWMAN CARNEY & WILLIAMS, PLLC, Richard J. Davis , MAYNARD COOPER & GALE PC, pro hac vice, Richard M. Heimann , LIEFF CABRASER HEIMANN & BERNSTEIN, LLP, Richard A. Lockridge , LOCKRIDGE GRINDAL NAUEN, PLLP, Scott T. Beall , LAW OFFICES OF SCOTT T. BEALL, Scott S. Brown , MAYNARD COOPER & GALE PC, Timothy A. Duffy , KIRKLAND & ELLIS, LLP, William B. Wahlheim, Jr. , MAYNARD COOPER & GALE, PC & J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

J. Samir Sulieman, Plaintiff, represented by David J. Goldsmith , LABATON SUCHAROW, LLP, Nicole M. Zeiss , LABATON SUCHAROW LLP, pro hac vice, Joel H. Bernstein , LABATON SUCHAROW, LLP & J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

C. Fred Daniels, Plaintiff, represented by David J. Goldsmith , LABATON SUCHAROW, LLP, Nicole M. Zeiss , LABATON SUCHAROW LLP, pro hac vice, Joel H. Bernstein , LABATON SUCHAROW, LLP, Margaret E. Wetherald , KELLER ROHRBACK, LLP & J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

The Lion Fund, L.P., Plaintiff, represented by David J. Goldsmith , LABATON SUCHAROW, LLP, Nicole M. Zeiss , LABATON SUCHAROW LLP, pro hac vice, Joel H. Bernstein , LABATON SUCHAROW, LLP & J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Larry Lattimore, Plaintiff, represented by David J. Goldsmith , LABATON SUCHAROW, LLP, Nicole M. Zeiss , LABATON SUCHAROW LLP, pro hac vice, Joel H. Bernstein , LABATON SUCHAROW, LLP & J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

RMK Investor Group, Movant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Ken Alderman, Defendant, represented by Steven Lawrence Polk , SUTHERLAND ASBILL & BRENNAN LLP, J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC & W. Brantley Phillips, Jr. , BASS BERRY & SIMS PLC.

Sherry Anthony, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Candice W. Bagby, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

George W. Bryan, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

John Buchanan, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

John Daniel, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Earnest W. Deavenport, Jr., Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Alan Deer, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Harry Dinken, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

David B. Edmonds, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Irene Esteves, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

James S.M. French, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Chris Glaub, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

O.B. Grayson Hall, Jr., Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Martha R. Ingram, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Ronnie Jackson, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Bryan Jordan, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Tim Laney, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Susan W. Matlock, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

W. Charles Mayer, III, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Tusa McNary, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Claude B. Nielsen, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Regions Bank, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Regions Financial Corporation, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

C. Dowd Ritter, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

David Rupp, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Jill Shelton, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Lea Stokes, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Lee J. Styslinger, III, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Tom Thompson, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

David Turner, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

William C. Wells, II, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Alton E. Yother, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Morgan Asset Management, Inc., Defendant, represented by Britt King Latham , BASS BERRY & SIMS PLC, Peter S. Fruin , MAYNARD COOPER & GALE PC, J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC, Scott S. Brown , MAYNARD COOPER & GALE PC & W. Brantley Phillips, Jr. , BASS BERRY & SIMS PLC.

Carter E. Anthony, Defendant, represented by R. Harold Meeks, Jr. , JAMES BATES BRANNAN GROVER LLP, Amanda Noelle Wilson , JAMES BATES BRANNAN GROVER LLP, pro hac vice & J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

James C. Kelsoe, Jr., Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC & Joseph Brent Crace, Jr. , BASS BERRY & SIMS PLC.

MK Holding, Inc., Defendant, represented by Peter S. Fruin , MAYNARD COOPER & GALE PC, Britt King Latham , BASS BERRY & SIMS PLC, J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC, Joseph Brent Crace, Jr. , BASS BERRY & SIMS PLC, Michael A. Brady , BASS BERRY & SIMS PLC, Michael L. Dagley , BASS BERRY & SIMS PLC & Shepherd D. Tate , BASS BERRY & SIMS PLC.

Allen B. Morgan, Jr., Defendant, represented by Peter S. Fruin , MAYNARD COOPER & GALE PC, J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC & W. Brantley Phillips, Jr. , BASS BERRY & SIMS PLC.

Morgan Keegan & Company, Inc., Defendant, represented by Peter S. Fruin , MAYNARD COOPER & GALE PC, Britt King Latham , BASS BERRY & SIMS PLC, J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC, Joseph Brent Crace, Jr. , BASS BERRY & SIMS PLC, Michael A. Brady , BASS BERRY & SIMS PLC, Michael L. Dagley , BASS BERRY & SIMS PLC, Shepherd D. Tate , BASS BERRY & SIMS PLC & W. Brantley Phillips, Jr. , BASS BERRY & SIMS PLC.

RMK Multi-Sector High Income Fund, Inc., Defendant, represented by Kevin C. Logue , PAUL HASTINGS, LLP & J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Brian B. Sullivan, Defendant, represented by J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC & W. Brantley Phillips, Jr. , BASS BERRY & SIMS PLC.

Joseph C. Weller, Defendant, represented by Peter S. Fruin , MAYNARD COOPER & GALE PC & J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

RMK High Income Fund, Inc., Defendant, represented by Kevin C. Logue , PAUL HASTINGS JANOFSKY & WALKER, LLP & J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

RMK Strategic Income Fund, Inc., Defendant, represented by Kevin C. Logue , PAUL HASTINGS JANOFSKY & WALKER, LLP & J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

RMK Advantage Income Fund, Inc., Defendant, represented by Kevin C. Logue , PAUL HASTINGS JANOFSKY & WALKER, LLP & J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Helios Select Fund, Inc., Defendant, represented by Kevin C. Logue , PAUL HASTINGS JANOFSKY & WALKER, LLP & J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

HELIOS Select Short Term Bond Fund, Inc., Defendant, represented by Kevin C. Logue , PAUL HASTINGS JANOFSKY & WALKER, LLP & J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

HELIOS Select Intermediate Bond Fund, Defendant, represented by Kevin C. Logue , PAUL HASTINGS JANOFSKY & WALKER, LLP & J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

HELIOS Select High Income Fund, Defendant, represented by Kevin C. Logue , PAUL HASTINGS JANOFSKY & WALKER, LLP & J. Gerard Stranch, IV , BRANSTETTER STRANCH & JENNINGS, PLLC.

Kathy Newsome, Claimant, represented by Christopher S. Campbell , HARRIS SHELTON DUNLAP COBB & RYDER & David P. Neuman , STOLTMANN LAW OFFICES, PC, pro hac vice.

Jerome M. Christenson, Objector, represented by Howard B. Prossnitz , LAW OFFICES OF HOWARD PROSSNITZ.


ORDER

Before the Court is the Magistrate Judge's Report and Recommendation, dated April 28, 2017 (the "Report"). (ECF No. 118.) The Court referred three motions, filed by Defendants MK Holding, Inc. and Regions Financial Corporation, to the Magistrate Judge for a determination: (1) Defendants' Rule...

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