Saturday, January 5, 2008

Indiana Children's Wish Fund Wins One

The Indiana Children’s Wish Fund, which grants wishes to children and teenagers with life-threatening illnesses, got an early Christmas gift on 21 December 2007, according to the New York Times. Morgan Keegan, a brokerage firm in Memphis, made an undisclosed payment to the charity to settle an arbitration claim; the Wish Fund said it had lost $48,000 in a mutual fund from Morgan Keegan that had invested heavily in dicey mortgage securities. Now that the Wish Fund’s complaint has been settled, Ms. Ceaser-Hudson can carry on the organization’s work, the New York Times reports.

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