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Ex-employee sues PIMCO over wrongful termination

Jason Williams says he was fired after reporting the company’s misdeeds

A former portfolio manager at Pacific Investment Management Co. (PIMCO) is crying foul after the company fired him last year.

Jason Williams claims in a suit he filed last week in a California state court that after he reported that several senior managers were engaging in illegal activities, PIMCO handed him his walking papers. In his suit, Williams says that some of the managers were engaging in insider trading and manipulating the price of the world’s largest bond fund (PIMCO Total Return), among other things, all during the height of the global financial crisis.


Cathleen Flahardy

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