Bill Gross Said To Sue Pimco For At Least $200 Million

Bill Gross has sued Pimco, the company he co-founded, for at least $200 million, the New York Times reported Thursday. Gross is seeking "in no event less than $200 million" from Pimco for the damage that was done to his reputation in the year before and after he was fired from Pimco, according to the report. The suit takes aim among other Pimco officials at Mohamed El-Erian, who was once in line to succeed Gross and is now the chief economic advisor at Allianz, Pimco's parent company, the report noted. The lawsuit comes about a year after Gross abruptly left Pimco to run Janus Capital Group's Janus Global Unconstrained Bond Fund. Neither Janus Capital nor Pimco were able to immediately respond to an email and call requesting comment.