REPORT: Bill Gross is suing PIMCO

Bill Gross is suing PIMCO, the fund management giant he cofounded, according to a report by Nathaniel Popper at The New York Times. 

He is seeking "hundreds of millions of dollars", according to the report.

A complaint filed by Gross' lawyers alleges that "a cabal" of managing directors at PIMCO pushed him out as a result of “a lust for power, greed, and a desire to improve their own financial position", according to The New York Times.

Gross left PIMCO for Janus Capital in...

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