Ex-TCW Worker Denies Using Data To Launch Rival Co.

Law360, Los Angeles (August 1, 2011, 10:24 PM EDT) -- A former TCW Group Inc. employee told a California jury Monday that he refused to hand over a flash drive with pilfered company data to a TCW investigator because the information might prove useful in future business endeavors, not to help launch a rival investment firm.

“I wanted to keep my options open,” testified Jeffrey Mayberry, who is accused of working with former Chief Financial Officer Jeffrey Gundlach to establish DoubleLine Investment Inc. by using poached TCW technology. Mayberry denied he used the information in the...
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