Ex-TCW Head Mulled Move To WAMCO Before Firing

Law360, Los Angeles (August 15, 2011, 9:28 PM EDT) -- Former The TCW Group Inc. investment head Jeffrey Gundlach told a California jury Monday that he had discussed moving his unit’s mortgage-backed securities business to Western Asset Management Co. months before TCW fired him for allegedly stealing trade secrets with plans to start a competitor.

But in hours of testimony Monday, Gundlach pushed back against suggestions that he intended to betray an employer that had paid him nearly a quarter of a billion dollars over more than two decades.

“The idea was that TCW would be...
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