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

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

Rating:TCW-Gundlach Divorce Catches the Justice Department's Eye Not Rated 5.0 Email Routing List Email & Route  Print Print
Wednesday, December 8, 2010

TCW-Gundlach Divorce Catches the Justice Department's Eye

News summary by MFWire's editors

The battle between TCW [see profile] 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 [see profile], 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 the subpoena.

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" 

Edited by: Armie Margaret Lee


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

5.0
 Do You Recommend This Story?



GO TO: MFWire
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:
Raw XML
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