Bill Gross Legal Case Against PIMCO Moves Forward

A California court has ruled that the Bill Gross legal case against Pacific Investment Management Co., the firm he founded in 1971, can proceed. Bill Gross legal case has merit California judge rules California Superior Court Judge Martha Gooding ruled on Sunday that Gross’ charge of breach-of-contract against PIMCO, a unit of German insurer Allianz SE, has merit. She ruled that Gross and his legal team “alleges sufficient facts based on allegations concerning his status as the founder, a 40-year history, an alleged track record of bringing success and/or fame to the enterprise, as well as a series of alleged…