Bill Gross, Pimco Said to Settle Suit Over His Departure

Bill Gross and PIMCO have settled a breach of contract lawsuit filed in 2015 after Gross's ouster in 2014. The settlement terms are undisclosed, and neither party has commented. Gross alleged he was ousted by executives seeking a larger share of his bonus. The lawsuit has now been resolved.

What year was the breach of contract lawsuit filed against PIMCO?

• 2014

• 2013

• 2015

• 2016

Who declined to comment on the lawsuit according to the transcript?

• Bill Gross's spokesman

• A PIMCO executive

• PIMCO's CEO

• The judge

What did Bill Gross claim was the reason for his ouster from PIMCO?

• Retirement plans

• A cabal of executives

• Health issues

• Poor performance

What was the alleged motive of the executives according to Bill Gross?

• To improve company profits

• To increase their share of his bonus

• To restructure the company

• To change company policies

What is reiterated about the lawsuit in the final section?

• It was dismissed

• It was settled

• It was postponed

• It went to trial