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Rating:TCW Fires a Fresh Shot in Gundlach's Direction Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, December 02, 2010

TCW Fires a Fresh Shot in Gundlach's Direction

News summary by MFWire's editors

The feud between TCW [see profile] and its ex-chief investment officer Jeffrey Gundlach doesn't appear to be ending any time soon. Yesterday, TCW filed a complaint against DoubleLine Funds Trust. The suit contains accusations of misappropriation of trade secrets and unfair competition, Bloomberg reports.

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

The suit marks the latest chapter in the drama surrounding Gundlach's ouster from TCW and the subsequent launch of DoubleLine Capital [see profile].

TCW ousted Gundlach on December 4, 2009. Two weeks later, Gundlach announced the formation of DoubleLine. In April of this year, the firm launched its first two mutual funds.

TCW in January filed suit against Gundlach and a handful of other individuals. Gundlach launched a countersuit in February.

See also coverage of the new suit from the Los Angeles Times

Edited by: Armie Margaret Lee

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