Ex-TCW Head Made Threats, Citigroup Adviser Says

Law360, Los Angeles (August 9, 2011, 4:42 PM EDT) -- A former Citigroup Inc. chairman hired to review TCW Group Inc. told a California jury Tuesday that ex-investment head Jeffrey Gundlach threatened to quit and take business with him if he was not named CEO, just months before he allegedly began stealing data to start a competing company.

Tuesday’s testimony by Morgan Stanley Vice Chairman Gary Shedlin continued TCW’s effort to convince jurors that it replaced Gundlach as a protective move after he threatened to leave and take a huge chunk of the company's business with...
To view the full article, register now.