- Pimco (OTCPK:AZSEY) has asked a California court to throw out the civil lawsuit of bond investor Bill Gross, saying the complaint is "legally groundless" and reads "more like a screenplay than a court pleading."
- Last month, Gross unexpectedly filed the suit against Pimco - which asks for at least $200M in damages - claiming that his former colleagues forced him out to advance their own careers and divide his bonus among themselves.