DoubleLine Capital LP’s Jeffrey Gundlach told a jury he and other group managers at TCW Group Inc. opposed the appointment of Marc Stern as chief executive officer in June of 2009, six months before Gundlach was fired.
TCW Group Inc., the Los Angeles-based money manager owned by France’s Societe Generale SA, said Marc Stern will take over as interim chief executive officer from Robert Beyer, who will retire at the end of the month.
Galleon Group LLC co-founder Raj Rajaratnam’s arrest for insider trading in October 2009 made a former Advanced Micro Devices Inc. employee afraid the U.S. suspected him of passing tips to the fund, he said.
Bank of New York Mellon Corp., targeted by New York for allegedly violating state law while representing mortgage-bond investors, was accused by Knights of Columbus of damaging its investment in mortgage securities.
Two Wisconsin state Supreme Court justices who allegedly had a violent encounter over collective- bargaining legislation won’t face charges, said a state district attorney appointed as special prosecutor to review the incident.