Everyone Wants A Piece Of Bill Gross

from the calm-down-now dept

I’ve never been a huge fan of Idealab, since it always seemed to churn out “me too” companies backed by a lot of hype. However, since the lawsuit by their investors was first filed, I haven’t found much sympathy for the investors. They dumped a ridiculous sum of money into a company based purely on hype. The fact that they didn’t do their own due diligence isn’t Bill Gross’s problem, it’s their own. Fortune has now taken a more detailed look at the allegations against Gross and finds that most are overblown. This is a sour grapes lawsuit from investors who should have known better, but who were “sold” by Gross and didn’t do their own homework.

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