Dallas star Larry Hagman awarded $11.5 million payout


NEW YORK – Citigroup has been ordered to pay $11.5 million dollars to settle claims of "breach of fiduciary duty, civil fraud, misrepresentation and omission" brought in May 2009 by Larry Hagman, best known as JR Ewing from the 1980s TV show, Dallas.

A Financial Industry Regulatory Authority (Finra) arbitration panel decided to award the sum, with $1.1 million going directly to Hagman, $460,000 covering lawyer costs, and the remainder, almost $10 million, going to charities of Hagman's choosing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free registration? Click here

This address will be used to create your account

Investment banks: the future of risk control

This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here