Pacific Investment Management Company's co-founder remained a partner at the company until very recently. After his departure, however, other partners at the firm claimed that billionaire damaged the company. Now, in addition to those allegations, the man is facing a lawsuit from his son's former business partner.
The complainant met the billionaire's son while involved in the music industry, and after some time, the two decided to start a company known as G Squared. The two each went to Monte Carlo, a firm that the co-founder of Pacific Investment does business through, and borrowed $1.5 million each to fund their new venture. In a lawsuit filed by the partner, however, it is claimed that the father began to dislike the arrangement.