Bond billionaire Bill Gross is entangled in a messy feud with his Laguna Beach neighbor over a million-dollar sculpture and the 'Gilligan's Island' theme song

  • Billionaire investor Bill Gross is embroiled in a contentious legal battle with his Laguna Beach neighbors, according to a new report from the Los Angeles Times.
  • The dispute stems from a $1 million outdoor sculpture, which Gross and his partner, Amy Schwartz, have installed netting around to protect it from the elements. Their neighbor, Mark Towfiq, filed a complaint with the city after the netting blocked his view.
  • The complaint sparked a bitter quarrel between the neighbors, with Towfiq and his wife filing a temporary restraining order alleging Gross and Schwartz blared the "Gilligan's Island" theme song at all hours to get them to drop the issue.
  • Gross and Schwartz allege in a suit of their own that their neighbors are obsessed with them and have spied on the couple. 
  • Representatives for Gross and Towfiq did not immediately respond to Business Insider's request for comment. 
  • Visit Business Insider's homepage for more stories.

Billionaire bond investor Bill Gross and his tech entrepreneur neighbor are embroiled in a messy legal battle over a million-dollar sculpture. 

According to a report from the Los Angeles Times' Laurence Darmiento, the Pimco founder and his partner, former professional tennis player Amy Schwartz, are being accused by their neighbor, Mark Towfiq, of harassment and intentional infliction of emotional distress.

The disagreement stems from a 22-foot-long sculpture on Gross' property in Laguna Beach, California. Created by artist Dale Chihuly, the sculpture consists of dozens of blue glass stems that reach nearly 10 feet high. It was installed by Gross as a gift to Schwartz in 2019 and cost $1 million, according to the Times. 

Schwartz told the Times the glass pieces "are like my babies" and that she and her mother pray to them. 

But after the sculpture sustained thousands of dollars in damage, Gross and Schwartz installed netting around it to protect it from the elements, which Towfiq and his wife said blocked their view. The couple filed a complaint with the city of Laguna Beach, which led to the city inspecting the property and informing Gross that he lacked the proper permits, the Times reports.

The issue has now sparked a bitter quarrel between the neighbors. According to the Times, Towfiq and his wife allege that Gross and Schwartz have been blaring the "Gilligan's Island" theme song, among other music, at all hours of the day and night, including turning the music on remotely when they're not at home, in attempt to get them to drop the issue.

Gross and Schwartz allege in a lawsuit of their own that their neighbors are obsessed with them, and have spied on the couple while they swim and pointed security cameras at their house, according to the Times. 

Towfiq has been granted a temporary restraining order and a hearing has been set for November 2 to determine whether it will be converted to a civil harassment order, the Times reports. 

Representatives for Gross and Towfiq did not immediately respond to Business Insider's request for comment. 

Gross has been involved in bitter legal disputes in the past. In 2016, his ex-wife, Sue Gross, filed for divorce, which resulted in a high-profile and contentious legal battle that stretched over the course of several years. And in 2014, Gross was fired from Pimco, leading him to file a suit alleging wrongful termination and breach of contract. The suit resulted in an $81 million settlement in 2017. 

Source: Read Full Article