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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.

Drought farm (Jae C. Hong / Associated Press)

Farmland Prices Down 9%, Predicted to Drop Another 25%

Breitbart News reported in January that farmland prices were estimated to have fallen 3 percent, for their first fall since 1986. But the Chicago Federal Reserve just upped the decline to 8.9 percent, and “Grant’s Interest Rate Observer” warns that farmland

Jason Harper

NYC Hedge Funds Risk ‘Down Rounds’ in Silicon Valley Deals

Following Benchmark Capital partner Bill Gurley’s warning last week at the South-by-Southwest conference (SXSW) that “we are in a risk bubble”, Bloomberg, the Wall Street Journal and the New York Times all sounded the claxon horn Monday morning that New York hedge funds and mutual funds are flooding into late-stage venture capital-back tech companies in the futile hope of making a killing when the firms go public.