GM Compensation Fund: New Payment Details Emerge

June 30 (Bloomberg) -- Kenneth Feinberg, who’s creating a fund to compensate victims of GM’s faulty ignition switch, is expected to offer payments for all drivers, passengers and bystanders killed or hurt in collisions related to the defect, according to a lawyer who said he’s spoken to him. Bloomberg’s Yang Yang reports on “In The Loop.” (Source: Bloomberg)
Gross Seeks Vindication as he Sues Firm he Helped Build
50:56 - Bill Gross sued Pacific Investment Management Co. and parent Allianz SE for “hundreds of millions of dollars,” claiming he was wrongfully pushed out as the bond giant’s chief investment officer by a “cabal” of executives seeking a bigger slice of the bonus pool. Gross was expecting a bonus of about $250 million for 2014, with most of that due in the second half of the year, according to the lawsuit. Because he left the firm days before the third quarter ended, Pimco refused to pay him a proportionate amount, said the complaint, which claims that his termination resulted in damages to Gross of no less than $200 million.
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