“Gundlach was found today to have breached his fiduciary duty to TCW and misappropriated its trade secrets.The Los Angeles jury awarded the company no damages on the breach claim…The jury found that Gundlach and DoubleLine didn’t act willfully and maliciously in misappropriating trade secrets.” [BW, earlier]
Jury Rules Jeffrey Gundlach Used Trade Secrets Snuck Out Of TCW In Secretary’s Bra, Though Not In A ‘Malicious’ WayBy Bess Levin
In December 2009, bond guru and self-described “genius” Jeffrey Gundlach quit TCW to start his own firm, DoubleLine LLC. When he left, his former employer alleges, he took with him TCW staff, client information, and technology, which form the basis of their suit against JG (who prefers to be called “The Pope”) that is set to go to trial July 25. What Gundlach did not take with him and instead left in his office for TCW to find was a cornucopia of drugs, paraphernalia, toys and porn that gave the impression he was operating a online wholesale sex shop distributor and keeping the inventory at work. The stash included: Read more »
Okay, back to the live-blog.
A lot people would probably tell you that bond investor Jeffrey Gundlach’s awesomeness stems from the staggeringly impressive sex toy and porn collection he kept in his office at TWC before he was fired/quit last year (itemized here). And while being Wall Street’s foremost dildo collector and having the entire Dr. Fellatio series, as in volumes 1-16, on hand is certainly something to admire someone for, it’s not actually the attribute that defines Gundlach or makes him stand out from the pack. Arguably, JG’s most defining characteristic– the one that just makes you want to squeeze his cheeks– is how much Jeffrey Gundlach loves himself some Jeffrey Gundlach. Read more »
According to an updated federal filing on Monday, the Justice Department has taken an interest in the split between investment firm TCW Group and its former CIO, Jeffrey Gundlach. While DoubleLine has confirmed that “some employees and former employees have been interviewed by the office of the U.S. attorney in Manhattan” and TCW has confirmed it received a subpoena and was informed “it is the victim in this particular matter,” it’s unclear exactly what aspect of the breakup the government is suspicious about. With so much to choose from it could be a) “the alleged theft of TCW’s information” by Gundlach, who left to start DoubleLine LLC b) whether or not government information related to a PPIP fund TCW dropped out of after Gundlach departed was “compromised” or c) if the items found in Gundlach’s office after he quit/was fired constituted an unfair edge, which they very well might have. To refresh, these items included:
Asian Office Sluts
Weapons of Ass Destruction Read more »
Such as, how do you pronounce his last name? You might’ve assumed it was “Gund-lack” but it’s actually “Goond-lack.” Trying using it in a sentence. (If you want, take this one: “Good-lack, it’s really uncool that you haven’t returned my copy of Ass Traffic, Volume 9. Oh, what, now that you’ve got your own firm you don’t have to play by the rules?”) As for the other issues, Goond-lack completely avoids the question, which, if you want to talk about uncool, really tops. You’d think someone who previously claimed to in no way be ashamed but instead proud– as he well should be– of the library of porn in his office and the finest collection of dildos in the world wouldn’t have a problem talking Dr. Fellatio but apparently you’d think wrong.
Congratulations are in order for Jeff Gundlach and the DoubleLine Team! In addition to being ranked number one globally in asses (on tape), the new firm has gathered the most assets among 2010 fund launches. Naturally this calls for a celebration and a screening of Ass Traffic Volume 2 at the office would probably be most fitting, if anyone has a copy lying around. Read more »