(Bloomberg) -- Pimco fired back at Bill Gross, the co-founder who oversaw the firm’s ascent for 43 years, saying his lawsuit over his departure looks more like a screenplay than a legal filing and should be thrown out.
Gross’s claims that Pimco forced him out to avoid paying him a $200 million cut of last year’s bonus pool have no basis in law and amount to “reputational warfare,” the investment management company said Monday in its first response in court to the lawsuit. Last month Gross sued Pimco, once the manager of the world’s largest bond fund, claiming he was forced out by a “cabal” of managing directors and that his share of last year’s profit was illegally withheld.
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