J.R. Ewing would have been all smiles.
Larry Hagman, who portrayed the rich fictitious oil baron Ewing in the CBS cult TV show “Dallas,” won an arbitration panel ruling in a securities case against a unit of Citigroup that will earn him $1.1 million and $10 million in punitive damages for charities of his choosing, the Wall Street Journal reported Friday.
The financial services giant also has to pick up $440,000 in legal fees and $20,000 in arbitration costs, according to the report.
In a May 2009 claim, Hagman alleged breach of fiduciary duty and civil fraud, among other things, related to securities held in Citigroup accounts and the purchase of a life insurance policy, the Journal said.
Citgroup told the Journal it disagrees with the ruling and is reviewing its options. Hagman’s lawyer declined comment, the paper said.