Star bond trader Jeffrey Gundlach and his former employer, TCW Group Inc., said they settled a lawsuit over his firing in 2009 and allegations that he stole trade secrets to set up his own firm.
The two sides issued a joint statement but did not release terms of the deal.
FOR THE RECORD:
An earlier version of this article said the settlement pertained to one part of the case. TCW said it covers all claims.
TCW, the Los Angeles-based money management unit of French banking giant Societe Generale, and Gundlach were locked in an often bitter court battle this year. The jury in the case awarded $66.7 million to Gundlach and three other former TCW employees who helped him launch rival firm DoubleLine Capital.