March 27, 2017


Pimco agreed to pay Gross $81 million to settle his breach-of-contract lawsuit, the proceeds of which will be donated to charity. (The statement noted that the suit has "never been about money," although Gross had been seeking at least $200 million in damages and accused younger co-workers of conspiring to get some of his 20 percent share of the profit-sharing bonus pool.) 



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