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Pimco seeks dismissal of Bill Gross's civil suit

Nov. 10, 2015 2:23 AM ETAllianz SE (ALIZY) StockALIZY, ALIZFBy: Yoel Minkoff, SA News Editor
  • 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.

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