TCW Can’t Force Shutdown of DoubleLine Funds Trust
This article is for subscribers only.
TCW Group Inc. can’t seek a court order temporarily closing a mutual-fund trust created by Jeffrey Gundlach’s DoubleLine Capital LP or forcing it to give back gains, a California judge ruled.
Los Angeles Superior Court Judge Carl West dismissed TCW’s Dec. 1 lawsuit against the DoubleLine Funds Trust and its trustees, according to a copy of yesterday’s order provided by DoubleLine. TCW can amend certain parts of the lawsuit within 30 days, though it can’t go after the returns generated by the mutual funds or seek to close the funds for a six-month period as it had sought.