Bill Gross, Pimco settle lawsuit over his exit for $81 million: sources

March 27, 2017 By Jonathan Stempel and Jennifer Ablan NEW YORK (Reuters) – Bill Gross has reached a roughly $81 million settlement of his lawsuit against Pacific Investment Management Co, ending a bitter 2-1/2-year drama over the well-known bond investor’s abrupt departure from one of the world’s biggest asset managers. Terms of the accord were not disclosed, but were confirmed by two people familiar with the matter, who asked not to be named because the terms were confidential. Gross and Pimco said in a joint statement the settlement was “amicable,”…

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