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

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

Rating:Gross Is Being Sued ... And It Has Nothing to Do With Pimco Not Rated 1.0 Email Routing List Email & Route  Print Print
Wednesday, October 08, 2014

Gross Is Being Sued ... And It Has Nothing to Do With Pimco

News summary by MFWire's editors

Bill Gross is facing a lawsuit, one that has no apparent connection to his old haunt, Pimco [profile], or his recent jump to Janus [profile].

Nathan Vardi of Forbes reports that on Friday Donray Graves -- business partner of billionaire Gross' son, Nicholas, drummer in the band Open Air Stereo -- filed the lawsuit in Los Angeles on Friday. Ethan Brown Law is representing Graves, who is accusing Bill and Nicholas Gross of "breach of fiduciary duty, breach of contract, and promissory fraud, among other complaints of purported unlawful conduct."

The dispute involves G Squared Media Holdings, which Graves and Nicholas Gross each hold 50 percent stakes in, and which Bill Gross invested $3 million in.

Nicholas sued Graves last month to dissolve G Squared, warning that "as a result of Graves's conduct, any remaining assets of G-Squared are at risk due to lack of proper administration." Now Graves is claiming that Bill pressured to Nicholas end the partnership. Graves' complaint details some of his and Nicholas' work together, including their appearance on the BRAVO TV show "Married to Medicine."  

Edited by: Neil Anderson, Managing Editor


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

1.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
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. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use