Gundlach Claimed PIMCO Sought To Recruit Him: Witness

Law360, Los Angeles (August 30, 2011, 7:14 PM EDT) -- Ex-TCW Group Inc. investment head Jeffrey Gundlach told a Citigroup Inc. chairman heading a strategic review of TCW that competitor PIMCO was recruiting him to replace its founder Bill Gross, a TCW manager testified in the bond star’s trade secrets trial Tuesday.

“He said that he could pick up and leave at any time, that he was constantly being approached by PIMCO and WAMCO, that PIMCO would love him as a replacement to Bill Gross,” TCW managing director Michael Conn told a jury in California state...
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