Tuesday, September 15th, 2009 at 10:30 am  |  14 responses

Horace Grant Got Some of His Money Back

Like many others, Ho Grant was victimized by the economic collapse, but he got to recoup some of his losses: “Former Chicago Bull Horace Grant won a $1.46 million arbitration award against Morgan Keegan & Co. for losses in some bond mutual funds, the largest victory against the brokerage firm to date for his Chicago-based lawyer. The award, announced Friday, represents nearly all of the unrealized losses Grant allegedly suffered as of January 2008, said his attorney, Andrew Stoltmann … He initially invested about $3 million with Morgan Keegan eight years ago, Stoltmann said. Morgan Keegan marketed the funds as conservative investments appropriate for retirees looking to protect their principal, Stoltmann said.”

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  • Ken

    I was hoping he argued he couldn’t read the fine print because of his chunky glasses. In all seriousness though, good on him. That amount of money is nothing to sneeze at.

  • riggs

    please dont call him ho grant

  • http://slamonline BossTerry

    lol@Ken……Wonder if Harvey still has $$

  • http://www.scheinerlaw.com/ Houston Criminal Lawyer

    @bossterry thats a big ? hehehe

  • http://sevendeu2u.wordpress.com/ Seven deuce

    Now if only the Magic could get some of that money back for overpaying his crybaby @ss…

  • mdshuai

    You can blame Scottie Pippen for that; he made BJ and Horace look like all stars in 94

  • http://www.sprint.com/sero dma

    horace grant may have been overpaid, but he was perfect next to shaq. of course drafting webber may have been a better idea.

  • http://www.bulls.com Enigmatic

    Co-sign mdshuai!

  • Rnz

    @riggs, how bout Ho G then?..like Horiginal Gangsta?

  • D.A.

    Gettin grants like horace….

  • http://helpwithbowling.com Bowling Help

    LOL@Rnz good said Ho G :)

  • ENDS

    or Horiginal Grangtsta. Pluss Drafting C-Webb over Penny? Please lets not loose sight of the 90′s People

  • http://sevendeu2u.wordpress.com/ Seven deuce

    That whole ’93 draft went out on a gurney come to think of it; everybody with real talent got hurt. Which explains Shawn Bradley’s tenure.

  • http://jordonrules@hotmail.com hohoho

    just like mike said in the book – ho is dumb – im sure he wanted a really secure investment with huge return and no risk….right..and i bet he liked it when it was up…..and he probably paid a lawyer 1.5 million to get his losses….don’t worry ..his wife will get all his $$ soon…