Statement from Sutherland Asbill & Brennan Partners Peter J. Anderson and Deborah G. Heilizer on behalf of Ken Alderman and Allen Morgan

WASHINGTON--()--“The SEC’s announcement today that it is bringing an enforcement action against the board of directors of the RMK Funds more than five years after the fact is troubling. The SEC seeks to impose liability for alleged failures to meet never-before-articulated standards for director involvement in day-to-day fund operations. As the worst financial crisis in decades unfolded, Ken Alderman and Allen Morgan diligently performed their duties as directors in accordance with all relevant standards and, critically, in accordance with the SEC’s existing guidance. Messrs. Alderman and Morgan will vigorously defend themselves against these misguided and unfounded charges.”

Contacts

Sutherland Asbill & Brennan
Andrea Christman Loftus, 202-383-0895
andrea.christman@sutherland.com
or
Kimberly Kowalski, 404-407-5174
kimberly.kowalski@sutherland.com

Recent Stories

RSS feed for Sutherland Asbill & Brennan