FINRA Awards 'Dallas' Star $11.5M In Citigroup Case

Law360, New York (October 7, 2010, 3:55 PM EDT) -- Actor Larry Hagman has scored an $11.5 million award in his arbitration case accusing Citigroup Global Markets Inc. of committing a slew of securities violations while handling his accounts.

An arbitration panel for the U.S. Financial Industry Regulatory Authority ordered Citigroup to cough up the cash on Wednesday, concluding that the financial giant had committed the “serious misconduct” that merited such an award.

Citigroup must pay $10 million in punitive damages to charitable organizations of Hagman's choosing, and must also pay Hagman $1.1 million in compensatory...
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