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Friday, September 16, 2016|
In Gross vs Pimco, Who's Playing Hide the Ball?
Today marks another battle in the $200-million legal fight over what may be the most infamous, bad breakup in mutual fund industry history. And both sides made headlines this week by lobbing new accusations at each other.
Bloomberg, Dealbreaker, and Reuters all covered Gross' most recent claims, filed last Friday. And Bloomberg, Dealbreaker, InvestmentNews, Reuters, and the Wall Street Journal all picked up on Pimco's filings on Tuesday.
Gross labels the grueling nature of the global deposition schedule "bad faith obstruction" on Pimco's part. Pimco counters that Gross has a "sad obession" with the fixed income mutual fund giant he co-founded. And Pimco accuses Gross of not previously revealing an AOL email account (containing information relevant to the case), of possibly deleting relevant emails from that account, and of anonymously leaking Pimco's bonus schedule for 2013. An attorney for Gross fires back and says that Pimco is "the only party trying to play 'hide the ball'."
Printed from: MFWire.com/story.asp?s=54814
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