Pimco escalated its court battle with estranged co-founder Bill Gross by claiming he may have destroyed documents and leaked confidential pay information to the media.
Pacific Investment Management Co. made the allegation in California state court in Santa Ana ahead of a Friday hearing on Gross’s lawsuit accusing the company of forcing him to resign so it wouldn’t have pay him a bonus. Gross is asking a judge to order Pimco to provide him with internal documents he says he needs to prove his case.
“Discovery has revealed that Mr. Gross went so far as to leak confidential Pimco compensation data to the news media after he left the company,” Pimco said in the filing Tuesday, “as part of his sad obsession with attacking his former employer and colleagues.”
Gross, who left Pimco two years ago to become portfolio manager of Janus’s Global Unconstrained Bond Fund, also may have improperly destroyed documents relevant to his lawsuit, according to the filing.
In a document from Gross’s lawyer included in the filing, Gross said he provided the bonus information to a Bloomberg reporter. He said that Pimco didn’t have a right to take any adverse action against him for disclosing the information.