PIMCO Total Return Active ETF (BOND)

NYSEArca - NYSEArca Delayed Price. Currency in USD
107.68+0.04 (+0.04%)
At close: 8:00 PM EDT
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  • Reuters12 days ago

    Pimco says Bill Gross leaked bonus data, showed bad faith

    Pacific Investment Management Co accused former star bond fund manager Bill Gross of leaking confidential bonus data and exercising "bad faith" in pursuing a $200 million lawsuit over his sudden departure from the firm in September 2014. In a court filing dated Tuesday, Pimco said Gross admitted to having revealed 2013 compensation data to a Bloomberg News columnist after leaving Pimco, as part of his "sad obsession" with attacking the firm he co-founded and his former colleagues. Pimco said Gross should be ordered to turn over materials it is entitled to see and be sanctioned for dragging his heels.

  • Reuters17 days ago

    Bill Gross wants Pimco, lawyers punished for 'bad-faith' tactics

    Bond fund manager Bill Gross on Friday said Pacific Investment Management Co and its lawyers should be punished for unfairly impeding him from pursuing his $200 million lawsuit against the asset management firm, which he co-founded. In a court filing, Gross accused Pimco of "willful and bad-faith obstruction" of his efforts to gather evidence to which he is entitled, including by scheduling depositions in London and Hong Kong, some 6,000 miles (9,656 km) apart, on consecutive days in early November. "Discovery is not, and should not be, a game to be manipulated in this manner," Gross said in a filing with the California Superior Court in Santa Ana.