A verdict in Los Angeles Superior Court Friday has conjured up a shared happy ending between DoubleLine Capital CEO Jeffrey Gundlach and his former employer The TCW Group after more than two years of legal wrangling.

According to local reports, Gundlach was ruled as liable for breaching his fiduciary duty after TCW terminated him Dec. 4, 2009, but with no hint of malice. This stipulation prevents the Société Générale subsidiary from receiving any financial compensation, the Los Angeles Times reported this afternoon.

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