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Gundlach Found Liable in Trade Secret Case, but He Wins Back Pay

BY KEVIN ROOSE

Jurors took two days to find Mr. Gundlach and three co-defendants liable for taking trade secrets from Trust Company of the West, known as TCW, after he was fired in December 2009. It also found all four liable for breaching their fiduciary duty to TCW and Mr. Gundlach liable for interfering with investor contracts.

But, in a twist, the jury awarded no damages to TCW for the breach and contract claims. Instead, the jury awarded Mr. Gundlach and his co-defendants $66.7 million in damages related to a countersuit he filed against TCW, in which he contended that he was owed millions of dollars in fees for the funds he ran.

To read the complete article from NY Times, please click here.

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