'Bond King' Bill Gross sues Pimco over ouster

October 8, 2015 6:47 PM

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Billionaire investor Bill Gross has sued the company he co-founded, Pacific Investment Management Co. (Pimco), over his highly publicized and ugly ouster in 2014.

Gross, who earned the nickname Bond King for his stellar returns, filed the lawsuit in California state court Thursday morning and is seeking "hundreds of millions" in damages to be determined at trial, the lawsuit said.

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