Former TCW Employee Testifies Gundlach Instructed Him to Pilfer Data

Bloomberg is reporting that Cris Santa Ana, a DoubleLine Capital LP executive and a former managing director at the mortgage-backed securities group at TCW Group Inc., testified last week at a trial in state court in Los Angeles, telling jurors he downloaded TCW data at Jeffrey Gundlach’s request before they were fired. TCW alleges that DoubleLine was set up with proprietary information and trade secrets stolen by Gundlach, its ex-investment chief, along with Santa Ana and two others.

We'll keep watching and blogging on reports from this trial.