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Tag: lawsuits

Bill Gross of PIMCO (Jim Young / Reuters)

Bill Gross Sues PIMCO for $200 Million

Former PIMCO boss Bill Gross has just filed a lawsuit against PIMCO seeking $200 million and claiming to be a victim–despite the company receiving a “Wells Notice” warning that the Securities and Exchange Commission (SEC) is investigating potential criminal violations in investment performance reporting during Gross’s tenure.

Jesse Jackson

Silicon Valley: Ground Zero for Diversity Lawsuits after Ellen Pao

The five-week-long and very salacious trail against Kleiner Perkins Caufield & Byers for alleged sexual discrimination against Ellen Pao went to the jury Wednesday. The former junior partner is demanding $16 million for sexual discrimination and up to $144 million for punitive damages. Her suit has paved the way for a coming tsunami of diversity litigation across Silicon Valley.