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Editorial Results (free)

1. Can ‘Cardinal Way’ Improve Park Attendance? -

To put it in the game’s terms, the Memphis Redbirds/AutoZone Park/St. Louis Cardinals defeated political skepticism and doubt by a score of 8-4 and saved baseball at Third and Union for many summers to come.

2. Baseball History -

The last time the Leftfield Loonies were heard from in Memphis, leftfield was near Early Maxwell Boulevard and Central Avenue at the Mid-South Fairgrounds and they were loony for the Memphis Chicks baseball team.

3. Tax Zone Would Benefit Fairgrounds -

The Tourism Development Zone that Memphis officials will seek in Nashville over the next three months would generate tax revenue from Cooper-Young, the Midtown Union Avenue corridor and Overton Square for the redevelopment of the Mid-South Fairgrounds.

4. Warner’s Managerial Climb Comes Full Circle in Memphis -

The new Memphis Redbirds manager needs one of those veteran leaders, a guy who will willingly play multiple positions, a tough-nosed player between the lines, and a laid-back leader outside the lines who can discreetly take a young player aside.

5. McCarver Wins Hall of Fame's Frick Award -

DALLAS (AP) – Tim McCarver found it a bit hard to offer any analysis after this honor.

6. Batter Up -

Opening Day is right around the corner for the Memphis Redbirds, who will open the 2011 campaign with improvements to both its ballpark and its financial outlook.

The Redbirds, the minor league Triple-A affiliate of the St. Louis Cardinals, on Thursday begin their 14th season in Memphis and 12th at AutoZone Park following the move from Tim McCarver Stadium in 2000.

7. Rally Time -

As soon as he heard the Memphis Redbirds were coming to town in 1998, Buddy Young bought season tickets and has renewed them every year since.

From the first two seasons at the old Tim McCarver Stadium to the debut of AutoZone Park in 2000, from Albert Pujols’ walkoff home run that won the Pacific Coast League title the first season at AutoZone to last year’s championship run, Young has been a die-hard Redbirds supporter.

8. McCarver Takes Baseball Success to Music Arena -

Most of the chapters of Tim McCarver’s life story unfold around a baseball diamond.

He’s one of Memphis’ most well-known sons and a graduate of Christian Brothers High School who played for 21 years in the major leagues.

9. Ex-NBA Player Gets $1.5M in RMK Fund Dispute - A retired professional basketball player has won what may be the largest award yet from a financial industry panel hearing claims involving a group of former Regions Morgan Keegan mutual funds.

Four-time NBA champion Horace Grant has won almost $1.5 million in an arbitration claim he filed over his losses in the RMK funds.

In his statement of claim, Grant said he suffered losses of almost $1.5 million in some of Morgan Keegan & Co. Inc.’s “highly speculative proprietary funds, which were not in (his) best interest.” A Morgan Keegan spokesman was not immediately available for comment.

Grant, who retired in 2004, played as a power forward for the Chicago Bulls in the 1990s alongside star players Michael Jordan and Scottie Pippen. He was playing for the Los Angeles Lakers when he retired.

Grant’s attorney, Chicago securities lawyer Andrew Stoltmann, said Grant had wanted a stable place to park his money so it would provide a steady income for his retirement years. His statement of claim says Grant was familiar with Regions Bank and “trusted the Morgan Keegan name.”

Memphis-based Morgan Keegan is a subsidiary of Alabama-based Regions Financial Corp.

Offense and defense

New York-based Hyperion Brookfield Asset Management last summer took over the troubled RMK funds, several of which lost the majority of their value in a staggering fall beginning in 2007.

“What (Grant) got was a derivative-laced, hedge-fund-like investment that lost 90 percent of its value,” Stoltmann said. “He’s a guy who retired from the NBA and wanted conservative, stable investments so he could live off of that money.”

A Financial Industry Regulatory Authority (FINRA) panel made the decision in Grant’s case. Generally, the FINRA panels don’t explain their decisions.

FINRA panels have announced several big dollar RMK-related awards this year, with some of them going to prominent investors.

Memphis native and baseball broadcaster Tim McCarver was awarded $100,000 in compensatory damages in February stemming from his RMK losses.?A former NFL player for the Kansas City Chiefs, Memphis native Jerome Woods, won $950,000 this year after filing an arbitration claim over his RMK losses.

Referring to a FINRA panel’s decision about Woods’ claim, Morgan Keegan spokeswoman Kathy Ridley said in April: “Overall results support our belief that there were no improprieties in the management of these funds. We plan to continue a vigorous defense of all claims.”

...

10. RMK Funds Risky, Attorney Says -

Dale Ledbetter graduated from Messick High School and Rhodes College, and from his childhood has been a friend of prominent Memphian and sports commentator Tim McCarver.

For more than 30 years, Ledbetter has worked in several areas of the securities business, including a stint at a subsidiary of the Countrywide mortgage giant. Today he represents investors across the country who believe they unwittingly bought toxic financial products – like his old friend, the former ballplayer and namesake of the former Tim McCarver Stadium in Memphis.

11. Former NFL Player Scores Largest RMK Settlement Yet -

A Memphis native and former professional football player has won the largest award yet from a financial industry panel hearing claims involving a group of former Regions Morgan Keegan mutual funds.

Jerome Woods, whose football career included a stint with the Kansas City Chiefs, has won $950,000 as a result of the arbitration claim he filed over losses in the RMK funds. Woods played ten seasons in the NFL with the Kansas City Chiefs, according to the team’s official Web site www.kcchiefs.com.

Woods’ Nashville attorney Naill Falls told The Daily News his client is pleased with the arbitrators’ ruling.

“Like most investors, the Woods were not interested in speculative risk, but Morgan Keegan recommended these highly risky funds indiscriminately, loading up their clients with these funds without disclosing their true risks,” Falls said.

Woods started his collegiate career at Northeast Mississippi Community College. He was drafted by the Chiefs in the 1996 NFL draft after two seasons with the University of Memphis Tigers.

The Financial Industry Regulatory Authority (FINRA) made the decision in the Woods case. Generally, the panel does not qualify its decisions.

Earlier this month, Morgan Keegan spokeswoman Kathy Ridley said about the results of the RMK arbitrations: “Overall results support our belief that there were no improprieties in the management of these funds. We plan to continue a vigorous defense of all claims.”

Memphis-based Morgan Keegan is a subsidiary of Alabama-based Regions Financial Corp. New York-based Hyperion Brookfield Asset Management took over the troubled RMK funds from Morgan Keegan last summer.

The firm, which also rebranded the funds under its Helios name, is not a party in any current claims or lawsuits by investors.

Losses in the funds have spawned a wave of securities litigation in addition to the arbitration claims. Among other recent arbitration awards, Memphis native and sports broadcaster Tim McCarver won $100,000 in compensatory damages in February as a result of the claim he filed over his own former RMK investments.

...

12. Former NFL Player Scores Largest RMK Settlement Yet -

A Memphis native and former professional football player has won the largest award yet from a financial industry panel hearing claims involving a group of former Regions Morgan Keegan mutual funds.

Jerome Woods, whose football career included a stint with the Kansas City Chiefs, has won $950,000 as a result of the arbitration claim he filed over losses in the RMK funds. Woods played ten seasons in the NFL with the Kansas City Chiefs, according to the team’s official Web site www.kcchiefs.com.

Woods’ Nashville attorney Naill Falls told The Daily News his client is pleased with the arbitrators’ ruling.

“Like most investors, the Woods were not interested in speculative risk, but Morgan Keegan recommended these highly risky funds indiscriminately, loading up their clients with these funds without disclosing their true risks,” Falls said.

Woods started his collegiate career at Northeast Mississippi Community College. He was drafted by the Chiefs in the 1996 NFL draft after two seasons with the University of Memphis Tigers.

The Financial Industry Regulatory Authority (FINRA) made the decision in the Woods case. Generally, the panel does not qualify its decisions.

Earlier this month, Morgan Keegan spokeswoman Kathy Ridley said about the results of the RMK arbitrations: “Overall results support our belief that there were no improprieties in the management of these funds. We plan to continue a vigorous defense of all claims.”

Memphis-based Morgan Keegan is a subsidiary of Alabama-based Regions Financial Corp. New York-based Hyperion Brookfield Asset Management took over the troubled RMK funds from Morgan Keegan last summer.

The firm, which also rebranded the funds under its Helios name, is not a party in any current claims or lawsuits by investors.

Losses in the funds have spawned a wave of securities litigation in addition to the arbitration claims. Among other recent arbitration awards, Memphis native and sports broadcaster Tim McCarver won $100,000 in compensatory damages in February as a result of the claim he filed over his own former RMK investments.

...

13. Claim Against Morgan Keegan Yields Largest Award Yet -

What’s believed to be the largest single award so far for investors in a group of former Regions Morgan Keegan mutual funds has been announced by a financial industry panel.

Steve and Gary Fitzgerald, two brothers from California, have won $267,711 plus interest. That amount is less than the more than $429,000 in compensatory damages they originally sought – but their Chicago attorney is still pleased with the outcome.

14. McCarver Awarded $100K in Morgan Keegan Claim -

Memphis native and sports broadcaster Tim McCarver has been awarded $100,000 in compensatory damages as a result of the arbitration claim he filed over losses from Morgan Keegan & Co. mutual fund investments.

15. McCarver Files Claim Against Morgan Keegan - Memphis native and sports broadcaster Tim McCarver is calling a foul against Memphis-based Morgan Keegan & Co. Inc.

McCarver, once a catcher for the St. Louis Cardinals and the namesake of the former Tim McCarver Stadium in Memphis, has filed an arbitration claim against Morgan Keegan, asking for more than $1.25 million in damages.

McCarver claims he lost money when his investments were placed in several Regions Morgan Keegan mutual funds that lost the majority of their value during 2007. The losses in those funds have spawned a wave of securities litigation and arbitration claims, and an array of regulators is looking into the causes of the funds’ meltdown.

Morgan Keegan did not respond for comment by press time.

New York-based Hyperion Brookfield Asset Management took over management of the funds from Morgan Keegan this summer.

“We obviously think he was terribly ripped off, or we wouldn’t have brought the case,” said McCarver’s attorney, Dale Ledbetter.

McCarver moved to Sarasota, Fla., in 2000, and sometime after that is when he sold his RMK holdings. That transaction, according to the arbitration McCarver filed with the Financial Industry Regulatory Authority, resulted in “substantial losses to McCarver.”

“McCarver as a native Memphian was comfortable with Morgan Keegan in part because the firm was headquartered in Memphis,” the claim reads. “McCarver met several Morgan Keegan employees and agreed to have Morgan Keegan handle the bulk of his investments.

“... After McCarver was divorced and as he got older, there was an even greater need for his investments to be conservatively oriented. This was not done.”

When asked about the McCarver case by the New York Post earlier this week, Morgan Keegan said four of eight arbitration cases related to the RMK funds have been dismissed.

...

16. Archived Article: Daily Digest - Industrial Park Land

Industrial Park Land

Sells for $2.2 Million

Watertite Products Inc. has financed 4.98 acres of property in Collierville Industrial Park for $2.2 million, according to The Daily News Public Records Database, www.memphisd...

17. Archived Article: Fair3 (lead) - Fairgrounds

Study Could Determine Fairgrounds Future

Facilities, fair await evaluation of the city-owned property

LANCE ALLAN

The Daily News

It still encompasses 176 acres of prime real estate in Midtown Memphis, but the Mid-South Fai...

18. Archived Article: Fair1 (lead) - Lead

Fairgrounds Has Long Memphis History

Midtown landmark endures myriad of uses, century of change

LANCE ALLAN

The Daily News

When the Mid-South Coliseum opened its doors in 1964, it was probably fitting that its first act was the R...

19. Archived Article: Marketplace - Redbirds retail success rests on fans in the stands

Redbirds retail success rests on fans in the stands

By ANDREW BELL

The Daily News

Baseballs winter meetings involve trading sluggers for relief pitchers.

But, theyre also about flopp...

20. Archived Article: Comm Briefs - Lifeblood opened its new Collierville Neighborhood Donor Center Thursday at 875 W The Memphis Park commission approved price increases for the Memphis Zoo effective July 1. The new prices increase rates 50 cents in each category to $8.50 for adults,...

21. Archived Article: R'birds (bott) - Approval was given by the Center City Revenue Finance Corp $75 million bond issue will spark park construction By KATHLEEN BURT The Daily News The issuance of $75 million in bonds to finance construction of AutoZone Park has been approved by the Cen...

22. Archived Article: Milestones - The Memphis Gridiron Show, titled Aint Misbehavin, will roast the famous and not-so famous today and Saturday at the Paramount Ballroom on American Way The Memphis Gridiron Show, titled "Aint Misbehavin," will roast the famous and not-so f...

23. Archived Article: Gov. Focus.day Camp - By SUZANNE THOMPSON Camp cures cares Memphis Park Commission gets ready for Summer Day Camp By SUZANNE THOMPSON The Daily News For children, summer means freedom and carefree abandon from the rigors of school and study. But for working parents, summ...

24. Archived Article: Cultural Tourism - 12/4 jts cultural tourism Art, culture venues outdraw sports in Memphis Wonders series attracts the most; follows trend nationwide By JAMES SNYDER Culture lovers, take note. Sports fans, take heed. Artistic and cultural exhibits outdraw home games f...