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Rating:Will TCW Win $89 Million From DoubleLine? Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, September 19, 2011

Will TCW Win $89 Million From DoubleLine?

News summary by MFWire's editors

The jury in Trust Company of the West (TCW [see profile]) v Gundlach has spoken, but the judge still has the final word on one thing: how much damages Jeff Gundlach and his DoubleLine [see profile] colleagues must pay over the theft of trade secrets claim.

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

Pensions & Investments and the Wall Street Journal both ponder what's next for DoubleLine and TCW.

TCW wants $89 million in "reasonable royalties" for the trade secrets issue.

P&I talked with a number of fundsters and others about the two companies' futures, in light of the verdicts. Those who weighed in include: Moustapha Abounadi, managing director and head of fixed-income research at consulting firm Rogerscasey; Geoff Bobroff of Bobroff Consulting; Steven Charlton, partner and director of consulting services at consulting firm NEPC; David Morton, a partner at Rocaton Investment Advisors; TCW v. Gundlach jury foreman Matthew Lane-Warren; and Gundlach himself. 

Edited by: Neil Anderson, Managing Editor

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