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CNBC
The actor who played the villainous J.R. Ewing in 1980s TV show “Dallas,” became a victim of fraud and misconduct at the hands of Citigroup, a FINRA arbitration panel ruled this week. The total award includes $10 million in punitive damages that Citi must pay to charities selected by Hagman, $1.1 million in compensatory damages and […]
DealBook
Call it J.R. Ewing’s revenge. The actor Larry Hagman, who played the rapacious oil baron in the 1980s hit series “Dallas,” won $11.6 million in a securities arbitration case against Citigroup, according to a ruling from a Financial Industry Regulatory Authority panel. The ruling against Citigroup Global Markets, released on Wednesday, includes $1.1 million in compensatory […]
The Washington Post
Larry Hagman, who those of us born before 1975 may remember as the diabolical J.R. Ewing from TV’s “Dallas,” today won a massive payday from Citigroup Inc. In 2009, Hagman accused the company of “a breach of fiduciary duty and breach of contract, fraud by misrepresentation and omission, failure to supervise and violation of federal […]
Bloomberg
Citigroup Inc., the third-largest U.S. bank by assets, lost an arbitration ruling that will force it to pay almost $12 million in damages in a case against actor Larry Hagman. A Financial Industry Regulatory Authority arbitration board ruled that Citigroup must pay $1.1 million in compensatory damages and must donate $10 million of punitive damages to […]
Financial Times
Citigroup was ordered to pay more than $11m to resolve allegations that it mishandled the accounts of Larry Hagman, the actor best known for his portrayal of the conniving Texas oil baron JR Ewing in the television soap opera Dallas. Arbitrators from the Financial Industry Regulatory Authority found Citi liable in the case and directed the bank […]