Jury Says Gundlach Stole Secrets But Is Owed $67M

Law360, Los Angeles (September 15, 2011, 9:32 PM EDT) -- A California jury found Friday that former TCW Group Inc. investment chief Jeffrey Gundlach had misappropriated trade secrets and breached his fiduciary duty to the company, but awarded him nearly $67 million for wage violations.

In a split verdict delivered to a Los Angeles courtroom packed far beyond its 49-person maximum occupancy, the jury said that Gundlach’s breach of duty had caused no harm to his former employer, but found that TCW actually owed the bond star $66.7 million for a failure to pay wages under...
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