Gundlach Says He Barred Use Of TCW Secrets At New Co.

Law360, Los Angeles (August 16, 2011, 2:47 PM EDT) -- Facing allegations that he stole trade secrets with plans to start competitor DoubleLine Capital LP, former TCW Group Inc. investment head Jeffrey Gundlach told a California jury on Tuesday that he prohibited DoubleLine employees from using TCW information from the start.

“The very first day, I put in a policy of no use of any TCW information whatsoever,” Gundlach testified under questioning by his attorney Mark Helm of Munger Tolles & Olson LLP, pointing to emailed instructions he sent to DoubleLine employees Dec. 14, 2009, the...
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