Bill Gross files $200 mln suit against ex-employer Pimco

October 8, 2015 7:30 PM

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The breach-of-contract lawsuit filed by Bill Gross against his former employer, Pimco, reads like a melodrama cooked up by a Hollywood screenwriter.

The billionaire bond investor filed suit Thursday in Orange County, California, asking for more than $200 million in damages. He alleges executives at the investment firm plotted to remove Gross in an internal power struggle that ultimately prompted him to leave the company in September 2014.

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