Former legislator ordered to pay $4.3M in defamation case
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February 24, 2017
TULSA, Okla. (AP) — An Oklahoma jury has ordered a former state legislator to pay $4.3 million to an insurance company in a defamation case.
The defamation charge arose because Wayne Pettigrew, who was a director at First Trinity Financial Corp. until he left the company in 2013, issued a news release after his departure calling for an investigation into the company and its CEO related to stock purchases.
Pettigrew alleged CEO Gregg Zahn violated the law or illegally used insider status when he placed 130,000 shares with family members so he could buy them back for 10 cents per share following...
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