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Bill Gross settles Pimco lawsuit for over $81 million: CNBC

Published 03/27/2017, 12:41 PM
Updated 03/27/2017, 12:50 PM
© Reuters. Bill Gross speaks at the Morningstar Investment Conference in Chicago

NEW YORK (Reuters) - Pimco co-founder Bill Gross has settled his lawsuit against his former employer for just over $81 million, CNBC reported Monday, citing sources.

Gross has filed for a request for dismissal of the suit, CNBC reported. Gross, who now runs the Janus Global Unconstrained Bond Fund for Janus Capital Group Inc (N:JNS), left Pimco in September 2014 amid negative reports about his leadership and weak returns at the Pimco Total Return Fund he managed.

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