http://www.nbcnewyork.com/entertain...-Cit-Must-Pay-Larry-Hagman-11M-104559109.html
Thoughts?
Larry Hagman, the actor who played filthy rich J.R. Ewing on the 1980s show "Dallas," is about to collect a whopping $11 billion"(actually million, journalism has went to hell in a handbasket) from Citigroup, after a federal panel ruled the bank's investment arm engaged in "serious misconduct" while managing his money.
The 79-year-old actor, who also played Maj. Anthony Nelson on "I Dream of Jeanie," was awarded $10 million in punitive damages that Citi must pay to charities selected by Hagman, $1.1 million in compensatory damages and nearly $440,000 in legal fees.
Hagman had requested $1.35 million in damages, Reuters reported. He could not be reached for comment.
Hagman accused Citi in May 2009 of a breach of fiduciary duty and breach of contract, fraud by misrepresentation and omission, failure to supervise and violation of federal and state law, according to the ruling by an arbitration panel of FINRA, a self-regulatory body of the U.S. financial industry.
Thoughts?