DoubleLine Chief Can Keep Mutual Fund Proceeds: Judge

Law360, New York (January 21, 2011, 2:27 PM EST) -- TCW Group Inc. has failed to force former investment chief Jeffrey Gundlach, who is accused of violating trade secrets law, to fork over proceeds from a mutual fund trust he created after leaving the firm and launching DoubleLine Capital LP.

In a ruling Thursday, Judge Carl West of the Superior Court of the State of California for the County of Los Angeles refused TCW's request to either order the disgorgement of the DoubleLine Funds Trust or temporarily shut it down.

TCW filed suit against the fund...
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