October 8, 2010
MarketWatch
Simon Kennedy
An arbitration panel has ordered Citigroup Inc. to pay out more than $11 million following allegations that it mishandled the accounts of “Dallas” actor Larry Hagman. Arbitrators told Citi to pay Hagman around $1.1 million in compensation and to hand a further $10 million to the charity of his choice. Hagman, best know for his role […]
October 7, 2010
TheStreet
Dan Freed
Larry Hagman, the actor who played Texas oilman J.R. Ewing in the popular 1980’s TV series Dallas won $12 million in an arbitration case against Citigroup on Wednesday. The ruling by a Financial Industry Regulatory Authority arbitration panel requires Citigroup to pay $1.1 million in compensatory damages to Hagman, punitive damages of $10 million to charities the actor will […]
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 […]