Paine Webber lost a $28.2-million lawsuit.
- Share via
A U.S. District Court jury in Milwaukee deliberated over three days before awarding the money to the De Rance Foundation, a Roman Catholic charity, in a fraud suit. The foundation had accused Paine Webber of losing $11.5 million through a speculative trading strategy in the gold market designed to generate excessive commissions. Paine Webber said it will appeal the verdict.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
