TCW Chief Stern Says He Tracked Gundlach’s E-Mail in 2009
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TCW Group Inc. Chief Executive Officer Marc Stern said he started monitoring the e-mails of Jeffrey Gundlach in September 2009, three months before Gundlach was fired and started DoubleLine Capital LP.
Stern testified for a second day in the trial that pits TCW against Gundlach and three other former employees who joined DoubleLine. Stern told jurors in state court in Los Angeles that he wanted to find out what was happening after Gundlach appeared to have lost interest in a number of issues that had come up in what Stern said had been a “hostile” meeting on Sept. 3.