October 8, 2010

Larry Hagman wins $10 million in punitive damages against Citigroup

We haven't had a post about a celebrity punitive damages award in quite a while.  Assuming that Larry Hagman still qualifies as a "celebrity," here's one for you: Bloomberg reports that Hagman just won an arbitration award against Citigroup, including $10 million in punitive damages.  Hagman doesn't get to keep the punitive award though: it goes to the charities of his choice. The story doesn't give any details about the conduct that prompted the award, and doesn't mention whether the arbitration agreement gives Citigroup any rights to appellate review.