Similar Stories to Bill Gross Sues Pimco For $200 Million Over Forced Ouster on Bing News

NEW YORK (Reuters) - Famed bond investor Bill Gross has sued his former employer Pacific Investment Management Co and its parent Allianz SE for $200 million, claiming he was wrongfully ousted by a "cabal" of executives who wanted his share of the bonus pool.

BING NEWS:
  • PIMCO Warns Of Imminent Surge In US Regional Bank Failures Due To Troubled Real Estate Loans
    High borrowing costs and uncertainty over Federal Reserve interest rate cuts have exacerbated challenges in the commercial real estate sector.
    06/11/2024 - 2:17 am | View Link
  • Bill Gross prefers European bonds over Treasurys and says U.S. stock market is valued at historically high levels
    Bill Gross said he would not be comfortable taking a broad position in U.S. stocks, and preferred European government bonds over Treasurys, which could be significantly impacted by the U.S. election.
    06/10/2024 - 10:30 pm | View Link
  • Chicago Firemen's pension fund cuts PIMCO commodities fund
    Chicago Firemen’s Annuity & Benefit Fund terminated Pacific Investment Management Co. from a $15 million commodities portfolio. The $1 billion pension fund’s board approved the termination of PIMCO at ...
    06/7/2024 - 6:36 am | View Link
  • ‘Bond King’ Bill Gross to sell world’s only complete collection of U.S. postage stamps
    The investor who started PIMCO is putting his stamp collection up for auction and is hoping to raise up to $20 million ...
    05/22/2024 - 9:56 pm | View Link
  • Billionaire 'Bond King' Bill Gross explains why oil and gas pipelines are his top investment even as AI fervor swirls
    "Bond King" Bill Gross' favorite investment right now is probably not what you think. Rather than seeking opportunity in the bond market, the legendary billionaire is investing in oil and gas ...
    05/17/2024 - 6:14 am | View Link
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