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MORGAN KEEGAN & CO., INC. v. GARRETT

Civil Action No. 4:10-cv-04308.

816 F.Supp.2d 439 (2011)

MORGAN KEEGAN & COMPANY, INC., Plaintiff, v. John J. GARRETT, et al., Defendants.

United States District Court, S.D. Texas.

September 30, 2011.

Attorney(s) appearing for the Case

Pamela Ferguson Sperber, Mary-Olga Lovett, Greenberg Traurig, LLP, Houston, TX, Penelope Brobst Blackwell, Stephen Cormac Carlin, Greenberg Traurig, LLP, Dallas, TX, Terry R. Weiss, Greenberg Traurig, LLP, Atlanta, GA, for Plaintiff.

Bruce B. Kemp, Paul J. Dobrowski, Dobrowski LLP, Houston, TX, for Defendants.

Opinion

LYNN N. HUGHES, District Judge.

1. Introduction.

John J. Garrett and seventeen others said that Morgan Keegan & Company, Inc., misled them to invest in bond funds. An arbitration panel awarded the claimants about nine million dollars. Morgan Keegan moved to vacate the award. It said the arbitrators did not have power to hear the claims. It also said the panel based its decision...

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