Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:TCW Retaliates Against Gundlach Not Rated 3.0 Email Routing List Email & Route  Print Print
Thursday, January 07, 2010

TCW Retaliates Against Gundlach

by: Daniel Tovrov

After being fired on December 4, Jeff Gundlach refused to leave TCW quietly, starting his own firm while plundering nearly 50 portfolio managers, analysts and traders from the company where he had served as chief investment officer. But TCW has not surrendered peacefully, retaliating Thursday. The fund company has now filed suit against Gundlach and his new firm DoubleLine Capital.

Jeffrey Gundlach

To read the rest of the story of the fight between Gundlach and TCW, click here.

TCW is charging Gundlach and DoubleLine with a list of offenses, including breach of fiduciary duty, unfair competition, breach of confidence, threatened and actual misappropriation of trade secrets, intentional interference with contractual relations, intentional interference with with prospective economic advantage, and civil conspiracy. A copy of the suit is available here.

The court document claims that TCW released Gundlach after the firm found “inappropriate contraband” in his offices, “consisting of marijuana, drug paraphernalia... and a collection of 12 sexual devices, 34 hardcore pornographic magazines and 36 hardcore sexually explicit DVDs and videocassettes.” The company also cited a variety of incidents, where Gundlach and "co-conspirators" held secret meetings, threatened other executives, planted stories in the press, and misused the corporate jet.

DoubleLine issued the following statement about the suit: "The allegations in the complaint are meritless and will be proven so in a court of law. TCW's lawsuit is a blatant attempt to damage DoubleLine's business and clients. DoubleLine and Mr. Gundlach are asserting their legal rights in a lawsuit to be filed shortly, which will demonstrate the thoroughly baseless nature of TCW's claims and seek redress for TCW's deplorable conduct. The false and hyperbolic personal attacks by TCW are obviously a gratuitous and irrelevant gutter tactic, which merely underscores the weakness of TCW's claims."

 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2017
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use