Trust Company of the West's (TCW
) case against Jeff Gundlach
and three of his DoubleLine
colleagues now rests. Yesterday TCW called its last witness, ex-TCW president Bill Sonneborn
, in its legal battle with its former chief investment officer, and DoubleLine's attorneys began calling their witnesses for their cross-claim (the California term for counter-suit).
To read the rest of the story of the fight between Gundlach and TCW, click here.
, the Los Angeles Times
all reported on yesterday's testimony.
Sonneborn, now head of KKR Asset Management, testified that he told TCW CEO Marc Stern
in August 2009 to fire Gundlach, describing Gundlach as "close to the point of becoming a disease or a cancer at the company."
Then yesterday afternoon, DoubleLine's attorneys started calling their witnesses. In a videotaped deposition, TCW chairman and founder Robert Day
called Gundlach "unstable" but important because of his "tremendous track record."
DoubleLine attorney Brad Brian
said he plans to call his final witness next Wednesday.
Neil Anderson, Managing Editor
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