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

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

Rating:Gundlach and TCW Make Peace Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, December 29, 2011

Gundlach and TCW Make Peace

Reported by Sean Hanna, Editor in Chief

Los Angeles is seeing its own version of the Christmas truce. Just in time for the New Year, Trust Company of the West (TCW [profile]) and DoubleLine Capital [profile] have settled their all of their lawsuits.

The two firms declined to comment on the terms of the settlement. The settlement also covers claims involving the DoubleLineFunds Trust, Jeffrey Gundlach and the other individuals named in TCW's initial suit.

"We are pleased that an agreement has been reached and that this matter is now behind us," TCW spokesman Peter Viles told MFWire.com. "TCW is well-positioned to continue the strong momentum and growth it has established over the past two years."

The two mutual fund firms have been fighting since January 2010 when TCW claimed Gundlach and other ex-TCW workers had misappropriated TCW intellectual property when they founded DoubleLine Capital. TCW had fired Gundlach in December 2009 only to see the star bond manager recruit followers from TCW to form his own fixed income management shop.

The Los Angeles Times covered the settlement in its Friday edition, and the New York Times also covered the news in its "DealBook" section.


Company Press Release

LOS ANGELES, CA--(December 29, 2011) - The TCW Group and DoubleLine Capital today jointly announce that they have settled all claims between and among themselves as well as DoubleLine Funds Trust, Jeffrey Gundlach, and other individuals. The terms of the settlement are confidential and the parties will not discuss them.

About TCW
Founded in 1971, The TCW Group, Inc., develops and manages a broad range of innovative, value-added investment products that strive to enhance and protect clients' wealth. The firm has approximately $118 billion in assets under management. TCW clients include many of the largest corporate and public pension plans, financial institutions, endowments and foundations in the U.S., as well as a substantial number of foreign investors and high net worth individuals. TCW is a subsidiary of Société Générale. For more information, please refer to www.tcw.com. 

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

0.0
 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