TCW, DoubleLine Settle Trade Secret Claims

Law360, Los Angeles (January 3, 2012, 2:47 PM EST) -- TCW Group Inc. and its former investment head Jeffrey Gundlach have settled a lawsuit over allegations that Gundlach stole trade secrets to launch rival firm DoubleLine Capital LP, the parties announced Thursday.

TCW said in a statement that all claims between DoubleLine, DoubleLine Funds Trust, Gundlach and other individuals had been resolved. The terms of the settlement were “confidential and the parties will not discuss them,” the release said.

The deal resolves years of contentious litigation arising from TCW's decision in 2009 to fire Gundlach, the...
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