Ex-Bull Horace Grant in brokerage battlePosted by Inside Hoops
Former Chicago Bulls forward Horace Grant said facing 7-foot-1, 325-pound Shaquille O’Neal on the basketball court would be preferable to the years-long legal struggle he has waged to collect $1.46 million that securities arbitrators say a brokerage owes him.
“I would rather play against a guy like Shaq any day than to chase something that is mine that was taken,” Grant told Reuters last week. Lawyers for brokerage Morgan Keegan & Co had just argued in a California appeals court that Grant’s award for losses tied to a group of troubled bond funds should be overturned.
Arbitrators awarded Grant $1.46 million in 2009. Since then he has had to battle Morgan Keegan’s efforts to overturn the ruling in court.
The years spent battling Morgan Keegan, a unit of Raymond James Financial, have been “some of the most frustrating in my life,” said Grant in a telephone interview.
– Reported by Suzanne Barlyn of Reuters