Pacific Investment Management Co. settled its breach-of-contract suit filed by former star manager Bill Gross for $81 million, people familiar with the matter said, ending a feud that shook the investing world. Gross abruptly left Pimco in September 2014 after disagreements with the firm’s other executives. In 2015, he sued the manager for at least $200 million in damages, alleging he was forced out. The settlement...

Source: Wall Street Journal March 27, 2017 16:20 UTC