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Memphis 47 articles

Kroger recalls seasonings for possible salmonella contamination

Popular supermarket chain Kroger has announced a sizable recall of four Kroger-brand seasonings sold in its stores. The Kroger recall was sparked by the FDA’s discovery of Salmonella in a sample of the Kroger-brand Garlic Powder sold by a South Carolina store. According to the supermarket’s press release, the following Kroger-brand seasonings were produced in the same facility with the same equipment as the Salmonella-tainted Garlic Powder and are now under recall: Kroger Bac’n Buds: 12 oz containers (Sell by: May 20 18PS4) Kroger Coarse Ground Black Pepper: 17.1 oz containers (Sell by: May 18 18PS4, Sell by: May 19 ... Read More

Last unresolved lawsuit from Continental Flight 3407 crash headed to trial

One wrongful death lawsuit stemming from the crash of Continental Airlines Flight 3407 in Clarence Center, New York, has not been resolved, and the case appears to be headed to trial in the coming months. Flight 3407 crashed on Feb. 12, 2009, as the twin-turbo prop airplane was making its final approach to Buffalo Niagara International Airport. The crash killed all 49 people aboard the airplane and one person on the ground — 61-year-old Doug Wielinski, who was at home with his wife and daughter when the airplane hit his house. It’s the Wielinski family’s lawsuit that remains unresolved out ... Read More

Train accident during the filming of Midnight Rider kills one woman, injures seven others

A tragedy occurred on a movie set in Georgia this week, according to The Hollywood Reporter. During the filming of the upcoming Gregg Allman biopic Midnight Rider, a train, confirmed to be operated by CSX, rolled through while shooting, killing one woman and injuring seven others. None of the victims have been identified at this time. One of the injured crew members was taken via Lifestar to Memorial University Medical Center while the other victims were transported to various area hospitals. The news outlet also reported that the scene of the accident was right above the Altamaha River near the ... Read More

City of Columbia, S.C., agrees to $750-million plan to clean up raw sewage pollution

COLUMBIA, S.C. — The city of Columbia, S.C., has reached a proposed settlement with the U.S. government to overhaul its aging and deteriorated sewer system at an estimated cost of $750 million. The proposal comes after environmental regulators determined the city violated the Clean Water Act and allowed overflows of untreated raw sewage to flow into streams and waterways in low-income and minority neighborhoods. The agreement will also require Columbia to spend $1 million in supplementary environmental cleanup projects to restore streams, reduce flooding, and improve water quality in the neighborhoods affected by the raw sewage releases. Columbia is the ... Read More

Regions eyes Morgan Keegan sale as investment arm settles Fraud claims

Morgan Keegan & Co. Inc., an investment brokerage owned by Regions Financial Corp., has announced a $200 million settlement in relation to charges of consumer fraud stemming from investments tied to the mortgage bond market. The company has been battling numerous lawsuits brought on behalf of clients that allege Morgan Keegan falsely represented proprietary mutual funds as “low risk” investments when they were actually tied to the volatile mortgage market. According to a report in the Memphis Daily News, more than 300,000 investors lost over a billion dollars when the subprime mortgage meltdown drained the funds seemingly overnight. Morgan Keegan ... Read More

Tennessee senate votes to accept toxic waste from everywhere

NASHVILLE, TENN — Despite the efforts of two Tennessee state senators to halt or at least curtail the amount of nuclear waste in landfills, the State Senate voted Monday to continue to permit the dumping of radioactive waste in four Tennessee landfills. Senator Beverly Marrero, a Democratic senator from Memphis, told colleagues on the Senate Environment, Conservation & Tourism Committee that she remains concerned about the volume of radioactive waste pouring into the state for processing and burial. She introduced a bill to stop or at least restrict the amount of the waste that four Tennessee landfills are authorized to ... Read More

Regions, Morgan Keegan relationship stronger despite legal woes

A recent report in the Memphis Business Journal says the relationship between Regions Financial Corp., based in Birmingham, Ala., and its investment arm, Morgan Keegan & Co., located in Memphis, Tenn., has sweetened. At a recent “Investor Day” event held in New York City, the Business Journal reports company executives talked about strengthening the relationship between the two organizations, and Regions heads included Morgan Keegan as part of the company’s “strategic future.” Last December, and as recently as March of this year, there were rumors that Regions was planning to unload the investment brokerage in order to raise capital to ... Read More

FAA fines show companies routinely ignore hazmat shipping regulations

The Federal Aviation Administration (FAA) has been cracking down on shipments of hazardous materials and has published a notice of civil penalties issued against 11 companies. The FAA issued the fines in response to improperly packaged, marked, classed, described, or labeled hazardous materials. The penalties total $720,000 and range from $54,000 to $91,000. Hazardous cargo that is shipped in violation of federal rules and regulations poses a grave risk of injury and death to anyone in the vicinity of the package. Most of the packages were discovered by shipping company staff, customs officials, and airport personnel because they were leaking. ... Read More

Judge upholds $1.4 million award for Morgan Keegan investment loss

Yesterday a judge upheld the decision made last fall that holds Morgan Keegan responsible for a $1.4 million loss by investor Horace Grant. The retired Chicago Bulls basketball star sued Regions Morgan Keegan for losses resulting from his investments in mutual funds recommended by the financial management company. Morgan Keegan appealed the decision, saying arbitrators had already made up their minds against the investment company when they heard the case. In his 27-page opinion, U.S. District Judge S. James Otero disagreed with Morgan Keegan, and sided with the Financial Industry Regulatory Authority (FINRA), which is acting as arbitrator in these ... Read More

Morgan Keegan hearing set for October in Montgomery, Ala.

An administrative hearing to discuss allegations of fraud against Morgan Keegan & Co. has been set for October 5, 2010, in Montgomery, Ala. Morgan Keegan is owned by Regions Financial Corp., based in Birmingham, Ala. Numerous lawsuits have been filed against the company, alleging it misrepresented high-risk funds tied to the volatile mortgage bond markets as “safe” or low-risk investments.  As a result, lawsuits allege investors lost huge portions of their funds almost overnight. It is estimated that losses may top $2 billion. The administrative action is the culmination of a multi-state investigation involving six mutual funds sold by Morgan ... Read More