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

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

Rating:Jeff Gundlach Hits Back at TCW  Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, January 11, 2010

Jeff Gundlach Hits Back at TCW

News summary by MFWire's editors

The battle between TCW and its ex-CIO Jeff Gundlach rages on. Four days after TCW filed a lawsuit against him, Gundlach sent out a letter to clients on Monday, saying TCW has "disseminated certain smears and innuendoes." The bickering parties' hometown paper, The Los Angeles Times, has uploaded a copy of the letter to its Web site.

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

TCW last Thursday filed a 39-page complaint with the State Superior Court in Los Angeles, accusing Gundlach of stealing trade secrets, making false statements about TCW and keeping marijuana and pornographic materials in his TCW office.

"I have referred TCW's unfortunate litigation tactics to my legal team and expect this matter to be handled as a business dispute in the ordinary course," Gundlach wrote in his letter.

Gundlach started his own firm, DoubleLine LLC, in the wake of his December 4 ouster from TCW.

In his letter, Gundlach wrote that TCW's "invasion and searching of locked drawers" in his office at TCW's Los Angeles headquarters and his personal office in Santa Monica was "deeply disturbing."

"After seizing these offices, TCW refused to allow me to collect my personal possessions, and the salacious disclosure in TCW's lawsuit of certain of the items apparently taken there from is a transparent attempt to embarrass me and harm my business," he wrote. "While these actions will no doubt be subjects of litigation, suffice it to say that I had every expectation of privacy in these spaces, which stored vestiges of closed chapters of my life."

Other media outlets that picked up on Gundlach's letter include Reuters and The Wall Street Journal, both of which sought a comment from a TCW spokesperson and were given this response: "We think that Mr. Gundlach's letter and the facts of the complaint speak for themselves." 

Edited by: InvestmentWires Staff, 

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

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
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:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use