Ex-TCW Exec Counters Secrets Suit With $1.3B Claim

Law360, New York (February 11, 2010, 7:08 PM EST) -- DoubleLine Capital LP CEO Jeffrey Gundlach has fired back at former employer The TCW Group Inc., seeking $1.25 billion in damages for breach of contract and business interference in litigation that started when TCW accused Gundlach and others of stealing trade secrets when they left the firm to start a rival company.

In a cross-complaint and answer filed Wednesday in the Superior Court of the State of California, County of Los Angeles, Gundlach claimed that TCW broke an oral agreement and improperly fired him to avoid...
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