Bill Gross is cleared to pursue Pimco lawsuit

March 14, 2016 7:14 PM

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Bill Gross is cleared to pursue Pimco lawsuit

Bond manager Bill Gross will be able to pursue his lawsuit to recoup hundreds of millions of dollars from Pacific Investment Management Co in the wake of his 2014 ouster from the firm he co-founded.

Pimco agreed to accept as final a tentative decision issued late on Sunday by California Superior Court Judge Martha Gooding that Gross' breach-of-contract lawsuit was strong enough to proceed, Gross' lawyer said on Monday.

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