'Dallas' Star Hagman Loses $11.5M FINRA Award

Law360, New York (February 11, 2011, 3:45 PM EST) -- A California judge has tossed a $11.5 million arbitration award that the Financial Industry Regulatory Authority ordered Citigroup Global Market Inc. to pay to actor and former "Dallas" star Larry Hagman.

Judge Michelle R. Rosenblatt of the Superior Court of the State of California, County of Los Angeles, on Wednesday declined to confirm the award and vacated it instead.

Citigroup had argued that the arbitration panel's chairman, Peter D. Steinbroner, didn't disclose that he'd been a plaintiff in two separate lawsuits over the same matters at...
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