Pimco Accuses Bill Gross of Leaking Confidential Bonuses
- Pimco fires back at co-founder in breach of contract lawsuit
- First courtroom face-off in bond manager’s case set for Friday
Bill Gross.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
Pimco escalated its legal battle with estranged co-founder Bill Gross by saying he leaked confidential pay information to the media and may have destroyed documents in violation of court rules.
Pacific Investment Management Co. made the allegation ahead of a Friday court hearing on Gross’s lawsuit accusing the company of forcing him to resign so it wouldn’t have pay him a bonus. Gross is asking a judge to order Pimco to provide him with internal documents he says he needs to prove his case.