Allianz says Bill Gross's $200 mln lawsuit has no merit

October 8, 2015 6:47 PM

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FRANKFURT Oct 8 German insurer Allianz on Thursday said a $200 million lawsuit launched by former employee and renowned bond investor Bill Gross over his ouster from Allianz's asset management unit Pacific Investment Management Co (Pimco) had no merit.

"We will not comment on the allegations contained in the complaint other than that the lawsuit has no merit," an Allianz spokeswoman said.

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