Billionaire fund manager Bill Gross claims he has suffered damages in excess of $200 million from Pimco, his former employer. » Read More
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Bottom line for investors?
"We get this question all the time."
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Mr. Gross's lawsuit against PIMCO is not simply about astronomical damages, but much more, says Dan Eaton.
Patty Glaser, PIMCO Founder Bill Gross's lawyer, explains why Gross is suing PIMCO for $200 million.
CNBC's Brian Sullivan details the "spy novel" plot behind why PIMCO founder and former CIO Bill Gross is suing PIMCO, saying the company's "improper, dishonest and unethical behavior must now be exposed."
PIMCO responds to Bill Gross' lawsuit over wrongful termination, reports CNBC's Sue Herera.
Former PIMCO founder and CIO Bill Gross sues PIMCO, saying the company's "improper, dishonest and unethical behavior must now be exposed."
Seeking safe returns
Investors who stayed put in the Pimco Total Return fund that Gross had managed for decades are up 1.7 per cent, the FT reports.