The battle between TCW
] and its ex-chief investment officer Jeff Gundlach
has drawn the attention of the Justice Department, the Los Angeles Times reports
To read the rest of the story of the fight between Gundlach and TCW, click here.
The pub points to an updated SEC filing
on Monday made by DoubleLine Capital
], which Gundlach started shortly after his ouster from TCW in December last year. The filing mentioned that the office of the U.S. Sttorney for the Southern District of New York have interviewed current and former employees of DoubleLine.
Here's an excerpt from the filing:
The Adviser has advised the Trust that employees and former employees of the Adviser have been interviewed by representatives of the Special Inspector General of the Troubled Asset Relief Program, and by the office of the United States Attorney for the Southern District of New York, in connection with the PPIP and in connection with the same allegations of misappropriation of proprietary information made by Trust Company of the West in its litigation against the Adviser. The Adviser understands that the inquiry stems at least in part from a federal grand jury inquiry. The Adviser has informed the Trust that it has cooperated with the inquiry and has voluntarily produced documents. The Trust and the Funds are not involved in any of these inquiries.
Meanwhile, an attorney with TCW's outside counsel confirmed
to the LA Times that TCW received a federal criminal grand jury
subpoena "with regard to the investigation of DoubleLine and its
principals for trade-secret theft."
The attorney, Steve Madison, would not say when the TCW received
He told the pub that TCW is "cooperating fully with the investigation
and has been informed that it is the victim in this particular matter"
Armie Margaret Lee
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