TCW Claims Trade-Secret Theft as Gundlach Seeks Performance Fees
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Jeffrey Gundlach, TCW Group Inc.’s former investment chief, was accused by the firm’s lawyer of plotting with colleagues to steal the company’s trade secrets before he was fired and started a rival money-management firm.
“They tried to steal an entire business from TCW worth hundreds of millions of dollars,” TCW lawyer John Quinn said in his opening statement yesterday at a state court trial in Los Angeles. “They secretly plotted to leave en masse.”