A Tulsa, Okla., jury has awarded an insurance company and its CEO $4.3 million in a defamation case.
The Oklahoman reports former state legislator and former First Trinity director Wayne Pettigrew left First Trinity Financial Corp. in 2013 and issued a news release calling for investigation of the company and its CEO related to stock purchases.
Last week a jury found Pettigrew defamed the company and its CEO, Gregg Zahn. The jury also found Pettigrew breached his fiduciary duties to the company.
First Trinity was awarded $800,000, and Zahn was awarded $3.5 million. The jury says Pettigrew intentionally inflicted emotional distress upon Zahn.
Pettigrew says his attorneys are preparing an appeal.
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud 
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 
NYC Mayor Eyes City-Run Insurance Program for Affordable Housing 
