*Gundlach tell his side

The former bond manager at TCW Group doesn't deny that he had dope, sexual devices, porn magazines, and X-rated DVDs in his offices, but he says in a letter to clients and potential clients of his new firm that whatever he had was none of TCW's business. "I had every expectation of privacy in these spaces, which stored vestiges of closed chapters of my life," he says in the letter (via LAT). Gundlach, who was fired in early December, is being sued by TCW for stealing proprietary information. But the main point of the letter involves what the firm described as "inappropriate contraband" in his TCW office at the downtown headquarters and at a small personal office he keeps in Santa Monica (and where he says he pays the rent). From the letter:

After seizing these offices, TCW refused to allow me to collect my personal possessions, and the salacious disclosure in TCW's lawsuit of certain of the items apparently taken there from is a transparent attempt to embarrass me and harm my business. While these actions will no doubt be subjects of litigation, suffice it to say that I had every expectation of privacy in these spaces, which stored vestiges of closed chapters of my life. Notwithstanding TCW's scorched earth legal policy, I am certain that no employee of TCW, past or present, friend or foe, can honestly say that they ever had any experience with me, either in the office, on the road or in any meeting, in which there was any improper activity consistent with the innuendoes, smears and gross distortions to which TCW has shamelessly subjected me in its lawsuit.

*The actual list of "contraband" items is making the rounds. Among the DVDs I can mention in a family blog (at least a permissive family) are "Sloppy Hoes," "Asian Office Sluts," and "A Trip Down Mammary Lane."