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Jury awards $7.4 million to bank client
News and Events : In The News
March 21, 2006

For more information contact:
Jonathan Piper
jpiper@preti.com

by Gregory D. Kesich, Portland Press Herald 

Three years after watching his fortune disappear, Darrell Mayeux was awarded a $7.4 million nest egg Monday by a jury in Cumberland County Superior Court.

The unanimous jury found that Fleet Bank's Private Client Group mismanaged Mayeux's money - made during a long career in the high-tech industry - and caused $10.5 million to evaporate when the price of his Fairchild Semiconductor stock faded.

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