Bill Gross accused of leaking confidential bonus information

Bill Gross Interview Pic

Pimco escalated its legal battle with estranged co-founder Bill Gross by saying he leaked confidential pay information to the media and may have destroyed documents in violation of court rules.

Bloomberg News reports that Pacific Investment Management Co. made the allegation ahead of a Friday court hearing on Gross’s lawsuit accusing the company of forcing him to resign so it wouldn’t have pay him a bonus. Gross is asking a judge to order Pimco to provide him with internal documents he says he needs to prove his case.

“Discovery has revealed that Mr. Gross went so far as to leak confidential Pimco compensation data to the news media after he left the company,” Pimco said in the filing Tuesday, “as part of his sad obsession with attacking his former employer and colleagues.”

Gross also may have improperly destroyed documents relevant to his lawsuit, according to the filing in California state court in Santa Ana.

“Pimco’s latest motion is an effort to deflect blame from its litigation misconduct by making off-topic insults and baseless accusations against our client,” Gross’s attorney, Patricia Glaser, said in an e-mailed statement. The only party trying play ‘hide the ball’ is Pimco.”

To access the complete Bloomberg News article hit the link below:

Pimco Accuses Bill Gross of Leaking Confidential Bonuses

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