Pimco Accuses Co-Founder Bill Gross of Leaking Confidential Bonuses
Posted: Wed Sep 14, 2016 9:58 am
Pacific Investment Management Co (Pimco) has stepped up its legal battle with the firm’s co-founder, Bill Gross, by saying he leaked confidential pay information to the media and may have destroyed documents in violation of court rules, according to a Bloomberg report.
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The allegation was made ahead of this Friday’s court hearing on Gross’s lawsuit, accusing Pimco of forcing him to resign so the company wouldn’t have pay him a bonus.
Gross is asking a judge to order Pimco to provide him with the internal documents ... (read more)