Pimco Seeks to Toss Gross's Claims as ‘Reputational Warfare’
- Co-founder's lawsuit called more screenplay than court filing
- Gross claims he was forced out to avoid $200 million bonus
Bill Gross. Photographer: Andrew Harrer/Bloomberg
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Pacific Investment Management Co. fired back at the co-founder who oversaw the firm’s ascent for 43 years, saying Bill Gross’s lawsuit over his departure looks more like a screenplay than a legal filing and should be thrown out.
Gross’s claims that Pimco forced him out to avoid paying him a $200 million cut of last year’s bonus pool have no basis in law and amount to “reputational warfare,” the investment management company said Monday in its first response in court to the lawsuit.