Horace Grant Got Some of His Money Back

by September 15, 2009
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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.”