Jury awards Gundlach $66.7 million in TCW spat

Reuters

LOS ANGELES (Reuters) - Bond-fund manager Jeffrey Gundlach was awarded $66.7 million by a jury over his messy divorce from investment firm Trust Company of the West, after a high-profile trial that transfixed the investment world.

TCW, a unit of French bank Societe Generale , was awarded no damages in its claims against its former investment chief, although the jury found that Gundlach did breach his fiduciary duty to the firm. The verdict by the Los Angeles Superior Court jury was reached after just two days of deliberations, and announced in court on Friday morning.

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The six-week civil trial engrossed the financial industry, offering a peek inside the inner workings of big investment firms and the outsized personalities who run them.

Gundlach was fired in December 2009 by TCW, and he now runs investment firm DoubleLine Capital.

(Reporting by Mary Slosson, writing by Martha Graybow, editing by Lisa Von Ahn)