TCW v. Gundlach

VERDICT

Trial
07/28/11 – 09/16/11

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Summary

In this financial litigation proceeding, plaintiff Trust Company of the west (TCW) alleged Jeffrey Gundlach for breaking the covenant of good faith and fair dealing for taking away more than half of the fixed-income desk employees of TCW when the defendant opened his new firm and also alleged the defendant of stealing trade secrets for which the plaintiff sought $200 million as damages. The defendant had filed a counterclaim and alleged that TCW had dismissed him in order to avoid paying $600 million – $1.5 billion in future performance fee.

The plaintiff was represented by attorneys Steven Madison, Rhanda Osman, John Quinn and Dominic Surprenant. The defendant in this case, Jeffrey Gundlach was represented by attorney Brad Brian, Kevin Allred, Mark Helm and Gregory Weingart.

Outcome

The jury found that the defendant did breach their fiduciary duty, shared trade secrets and broke the covenant of good faith and fair dealing. They awarded no damages to TCW. Jeffery Gundlach and associates were awarded 66.7 million for past wages that TCW failed to pay.

Case Information
Attorneys
Witnesses
Plaintiff
Defense
Verdict
$66,700,000
Judge
Carl West
Jurisdiction
Superior Court of California, Los Angeles
Court
Central Civil West Courthouse
Case Number
BC429385
Industry
Finance
Practice Area
Commercial Law
Plaintiff
Trust Company of the West
Defense
Gundlach, Jeffrey
Expert Witnesses
Lay Witnesses

SESSIONS WITH Michael Wallace

JUL
28
AUG
1
AUG
2
AM Session
Plaintiff Witness(es)
31 Chapters
DescriptionAttorneyWitnessPresence
00:00:00General Case Activities
00:00:19Witness Direct ExaminationMadison, StevenVan Every, Barbara In Person
00:55:21General Case Activities
01:00:49Witness Direct ExaminationMadison, StevenVan Every, Barbara In Person
01:36:57General Case Activities
01:37:09Break
02:08:29General Case Activities
02:08:38Witness Direct ExaminationMadison, StevenVan Every, Barbara In Person
02:14:04Witness Cross ExaminationBrian, BradVan Every, Barbara In Person
02:56:52Break
02:57:39Witness Cross ExaminationBrian, BradVan Every, Barbara In Person
03:02:50Witness Re-Direct ExaminationMadison, StevenVan Every, Barbara In Person
03:15:21General Case Activities
03:20:27Witness Re-Direct ExaminationMadison, StevenVan Every, Barbara In Person
03:40:03General Case Activities
03:40:19Break
04:07:25General Case Activities
04:08:29Witness Direct ExaminationOsman, RhandaComm, Melissa In Person
04:30:14Witness Cross ExaminationBrian, BradComm, Melissa In Person
04:40:56General Case Activities
04:41:46Witness Cross ExaminationBrian, BradComm, Melissa In Person
04:47:22Witness Re-Direct ExaminationOsman, RhandaComm, Melissa In Person
04:53:21Witness Re-Cross ExaminationBrian, BradComm, Melissa In Person
04:54:44General Case Activities
04:56:36Witness Direct ExaminationOsman, RhandaTalamantes, Dolores In Person
05:08:44Witness Cross ExaminationBrian, BradTalamantes, Dolores In Person
05:13:14Witness Re-Direct ExaminationOsman, RhandaTalamantes, Dolores In Person
05:15:24General Case Activities
05:17:49Witness Direct ExaminationQuinn, JohnSanta Ana, Chris Video Recording
05:28:04General Case Activities
05:28:24End of Session
AUG
3
AUG
4
AUG
8
AM Session
Plaintiff Witness(es)
30 Chapters
DescriptionAttorneyWitnessPresence
00:00:00General Case Activities
00:00:20Witness Cross ExaminationBrian, BradWalls, Garrett In Person
00:21:51Witness Re-Direct ExaminationMadison, StevenWalls, Garrett In Person
00:44:50Witness Re-Cross ExaminationBrian, BradWalls, Garrett In Person
00:50:11Witness Re-Direct ExaminationMadison, StevenWalls, Garrett In Person
00:52:30Witness Re-Cross ExaminationBrian, BradWalls, Garrett In Person
00:53:38General Case Activities
00:54:28Witness Direct ExaminationMadison, StevenSchedlin, Gary In Person
01:42:01General Case Activities
01:42:10Break
02:05:22General Case Activities
02:05:32Witness Direct ExaminationMadison, StevenSchedlin, Gary In Person
02:15:48Witness Cross ExaminationBrian, BradSchedlin, Gary In Person
02:48:34General Case Activities
02:50:46Witness Cross ExaminationBrian, BradSchedlin, Gary In Person
03:01:06Witness Re-Direct ExaminationMadison, StevenSchedlin, Gary In Person
03:10:19Witness Re-Cross ExaminationBrian, BradSchedlin, Gary In Person
03:13:26Witness Re-Direct ExaminationMadison, StevenSchedlin, Gary In Person
03:14:56General Case Activities
03:16:26Witness Direct ExaminationOsman, RhandaLeader, Susan In Person
03:44:10General Case Activities
03:44:21Break
04:08:21General Case Activities
04:08:39Witness Direct ExaminationOsman, RhandaLeader, Susan In Person
04:34:12Witness Cross ExaminationAllred, KevinLeader, Susan In Person
04:52:41Witness Re-Direct ExaminationOsman, RhandaLeader, Susan In Person
04:55:51General Case Activities
04:57:16Witness Direct ExaminationMadison, StevenArentsen, Eric In Person
05:32:11General Case Activities
05:32:39End of Session
AUG
9
AUG
10
AUG
11
AUG
15
AUG
16
AUG
17
AUG
18
AM Session
Not in Session
0 Chapters
AUG
19
AM Session
Not in Session
0 Chapters
AUG
22
AM Session
Not in Session
0 Chapters
AUG
23
AUG
24
AUG
25
AM Session
Not in Session
0 Chapters
AUG
26
AUG
29
AUG
30
AUG
31
SEP
1
SEP
6
SEP
7
SEP
8
SEP
9
SEP
12
SEP
13
SEP
15

Recording Disclaimer: This proceeding was recorded in full.

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