City of St. Petersburg wins $10.4 million verdict against big bank - Tampa Bay Times

Seven jurors spent more than four hours deliberating in a case that pitted city officials against financial giant Wells Fargo, which bought Wachovia in 2009. After six days of testimony, jurors sided with city officials who blamed Wachovia for losses they incurred when Lehman Brothers went bankrupt.

"The bank was the professional," said juror Michael Gross, 62, of Pinellas Park. "The city might have been negligent, but the city hired the bank to manage those investments. That's what they were paid to do."