South Carolina jury awards $8.1 million to investor who was misled by BB&T

A South Carolina jury on Monday awarded $8.1 million to a former adviser who sold his wealth management business to BB&T Corp and later alleged that the company mismanaged his retirement nest egg with a risky strategy, according to a person familiar with the matter. The verdict, reached on Monday by a jury at the Court of Common Pleas for the Thirteenth Judicial Circuit in Greenville, South Carolina, included $3.1 million in actual damages and $5 million in punitive damages, the person said. A spokeswoman for BB&T Corp and a lawyer for the plaintiff declined to comment.