October 7, 2010
Wall Street Journal
Suzanne Barlyn
An arbitration panel ruled in favor of actor Larry Hagman in a securities case against a unit of Citigroup Inc., which was ordered to pay $1.1 million to the former star of the TV show “Dallas,” and another $10 million to charities of his choosing. Mr. Hagman, along with various trusts and IRA accounts titled […]
October 7, 2010
NBC
Larry Hagman, the actor who played the villainous J.R. Ewing in the 1980s TV show “Dallas,” has won his case that he was victimized by Citigroup Inc, and the bank was ordered to pay over $11 million in damages. The total award includes $10 million in punitive damages that Citi must pay to charities selected […]
October 7, 2010
CNBC
Joseph A. Giannone
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 […]
October 7, 2010
DealBook
Thomas Kaplan
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 […]
October 7, 2010
The Washington Post
Liz Kelly
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 […]