October 13th, 2015
Bloomberg
Partner Stephen Ma was quoted in Edvard Pettersson’s Bloomberg article “Bill Gross’s Big Swing at Pimco Seen Hinging on Contract Issue,” which discussed the famed bond investor’s wrongful termination lawsuit against the firm he co-founded, Pacific Investment Management Co. (PIMCO). According to Stephen, it is highly unusual for someone at Gross’s level to lack a written contract, and that his breach-of-contract claim will depend on how the profit-sharing agreement is interpreted under California law.
“This was a very public power struggle and now Pimco will have a chance to tell their side of the story,” Stephen said. “This could become a high-profile slug fest.