LOS ANGELES, Jan. 7 /PRNewswire/ -- DoubleLine Capital LP issued the following statement today in response to numerous media inquiries pertaining to a lawsuit filed by Trust Company of the West:
"The allegations in the complaint are meritless and will be proven so in a court of law. TCW's lawsuit is a blatant attempt to damage DoubleLine's business and clients. DoubleLine and Mr. Gundlach are asserting their legal rights in a lawsuit to be filed shortly, which will demonstrate the thoroughly baseless nature of TCW's claims and seek redress for TCW's deplorable conduct. The false and hyperbolic personal attacks by TCW are obviously a gratuitous and irrelevant gutter tactic, which merely underscores the weakness of TCW's claims."
SOURCE DoubleLine Capital LP