MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, November 3, 2010 Horace Grant Attacks a Fund Firm for $3M Morgan Keegan [see profile] continues to duke it out with former Chicago Bulls star Horace Grant. In September 2009 Grant won a $1.46 million arbitration award from the fallen mutual fund firm over losses thanks to mortgage-based collateralized debt obligations in four mutual funds (see The MFWire, 9/15/2009), a ruling Morgan Keegan continues to fight against. Now the Wall Street Journal's Suzanne Barlyn reports that Grant has filed another arbitration claim (this one for $3 million) against the Regions subsidiary. The new claim stems from Morgan Keegan's delay in paying the $1.46 million Grant previously won, as Grant claims losses from having to cash his NBA pension out for a lump sum in the interim. Regions sold its retail mutual fund business to Pioneer Investment Management last year (see The MFWire, 1/22/2009). Printed from: MFWire.com/story.asp?s=33915 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |