Former NBA all-star Horace Grant prevailed over Morgan Keegan & Co. during a hearing in LA, awarding the athlete a record $1.45 million in compensatory damages. Mr. Grant’s lawsuit claimed breach of fiduciary duty and fraudulent misrepresentation following a 90% loss in the value of his bond funds over a period of 16 months. Several other professional athletes have joined in the full court press of lawsuits against Morgan Keegan in recent months, with many scoring sizable awards. Here’s the full story from Investment News. http://www.investmentnews.com/article/20090914/REG/909149983
