Gross to Sue Pimco for 'Hundreds of Millions' Over Ouster

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  • Says Pimco executives conspired to get his slice of profits
  • Claims firm refused to pay him millions for the third quarter

Bill Gross Sues Pimco Over Forced Departure

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.

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