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an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, November 10, 2015 Pimco to Gross: Get Over Us Already! Pimco's lawyers just fired the latest salvo in what they're calling "reputational warfare" with estranged co-founder Bill Gross.
Barron's, Bloomberg, Dealbreaker, the Denver Business Journal, the LA Times, the New York Times, Reuters, USA Today, and the Wall Street Journal all covered Pimco's response. Pimco belittles Gross' complaint as "more like a screenplay than a court pleading." "Mr. Gross's complaint is a legally groundless and sad postscript to what had been a storied career at Pimco," the filing reportedly reads. "This suit is only the latest step in Mr. Gross's effort to resurrect a personal reputation damaged by his own unacceptable behavior." "Pimco has moved forward since Mr. Gross's resignation," the filing continues. "It is time for him to do the same, instead of treating this court as a forum to engage in the kind of reputational warfare embodied in his legally groundless complaint." Patricia Glaser, one of Gross's attorneys, reportedly responded by calling Pimco's filing "a procedural tactic to delay getting the merits of the case." "Pimco's papers do not dispute the substance of Mr. Gross's allegations in any material way," Glaser reportedly added. Printed from: MFWire.com/story.asp?s=52939 Copyright 2015, InvestmentWires, Inc. All Rights Reserved |
