Magic Johnson Backed Fund Hits Headwinds

March 22 (Bloomberg) -- Yucaipa is cutting fees for investors and founder Ron Burkle will forego his annual management fee until the fund’s investors recoup money that they lost according to the New York Times' Dealbook, citing unidentified people familiar with matter. Betty Liu reports on Bloomberg Television's "In The Loop." (Source: Bloomberg)
Bill Gross Comes Out Swinging In Pimco Lawsuit
34:31 - Bill Gross has launched a lawsuit for “hundreds of millions of dollars” against Pimco and parent company Allianz SE with claims that he was wrongfully ousted as chief investment officer at the firm. Bloomberg's Erik Schatzker examines the claims contained in the lawsuit on "Bloomberg Markets." (Source: Bloomberg)
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