Pimco Calls William Gross Lawsuit ‘Legally Groundless’

ny times ^ | 11-9-2015 | LANDON THOMAS Jr.

[Citizen Zed]

Pimco, the bond investment giant, responded on Monday to a $200 million lawsuit filed by its former star portfolio manager, William H. Gross, by asking that his claim be dismissed as "legally groundless."

Mr. Gross sued his former company about a month ago, arguing that he was illegally removed from the firm, where he had worked for 40 years, and was deprived of money owed to him.

Pimco recently hired the prominent lawyer David Boies to lead its defense.

And while Mr. Gross has chronicled a Shakespearean plot on the part of his former colleagues to force him from a firm that he had made famous, Pimco has left out the lurid details in its response, dismissing the claim as more a vindictive screenplay than a serious legal document.

"This suit is only the latest step in Mr. Gross's effort to resurrect a personal reputation damaged by his own unacceptable behavior," Pimco said in a preliminary statement.

[Citizen Zed]

I seem to remember Gross's wild theories accusing the government of getting too involved with economic activity.

They should lock him up for doubting Obama's genius before the market takes another nosedive.

[wideawake]

That may be as it may be, but his lawsuit against Pimco is absolutely ridiculous.

Unless he's insane, he is clearly doing it just for publicity because he really has no case whatever.

[LongWayHome]

Gross has always been nuts. I mean really unbalanced.

[yefragetuwrabrumuy]

Is PIMCO intentionally trying to sound like a Democrat party organization? Not only by using the same catchphrases of the Democrats, but hiring Al Gore’s 2000 election litigant David Boies.