Actor Larry Hagman Wins $12 Million in Finra Case With Citigroup
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Citigroup Inc., the third-largest U.S. bank by assets, lost an arbitration ruling that will force it to pay almost $12 million in damages in a case against actor Larry Hagman.
A Financial Industry Regulatory Authority arbitration board ruled that Citigroup must pay $1.1 million in compensatory damages and must donate $10 million of punitive damages to charities of Hagman’s choice, according the ruling. The bank must also pay about $460,000 for Hagman’s attorney fees and other costs.