Bowling Green auto dealer, Gary Force wants to be reimbursed for the money he had to pay the federal government. Force is suing Morgan Keegan and Company, its president, Jim Parrish, and two former employees, Bill Borders and Chad Conner.
Force's lawsuit claims Conner, Borders, and Parrish knowingly recommended he buy certain stocks based upon information they got illegally. Force says as a result of their actions, he was sued by the Securities and Exchange Commission.
Force had to pay more than $2.6 million in a final judgment, and more than $1.5 million in penalties. He is suing Morgan Keegan to recoup the $2.6 million he had to pay the SEC.
Conner was convicted of insider trading conspiracy and commercial bribery in the incident. Borders was exonerated, and Parrish was never charged. A lawsuit represents only one side of an issue.