NEW YORK (Reuters) - Pimco co-founder Bill Gross has settled his lawsuit against his former employer for just over $81 million, CNBC reported Monday, citing sources.
Gross has filed for a request for dismissal of the suit, CNBC reported. Gross, who now runs the Janus Global Unconstrained Bond Fund for Janus Capital Group Inc (N:JNS), left Pimco in September 2014 amid negative reports about his leadership and weak returns at the Pimco Total Return Fund he managed.