Jeffrey Gundlach — aka the King of Bonds, aka the $70 billion dollar man — is undoubtedly a prodigious bond fund manager. He is also embroiled in a legal battle with his former employer, Trust Company of the West. TCW fired Gundlach in late 2009, and sued him shortly thereafter. They accused Gundlach of a laundry list of complaints, including theft of trade secrets, civil conspiracy, and creating unfair competition. Gundlach fired back with a counter-suit, alleging breach of contract, nonpayment of wages, and unjust enrichment.
Needless to say, it’s been a little bit of a messy break-up.
Add to the mix some sex, drugs, and rock and roll (Gundlach was a rock and roll drummer for a handful of LA-based bands) aura that surrounds Gundlach, and you’ve got the makings of a celebrity trial in the financial world.
I’ll be covering the trial for Reuters, so keep an eye on our site or my Twitter feed for updates.
