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$100 Million Defamation Suit Filed against Bloomberg L.P., Reporter Matt Robinson and Editor Jesse Westbrook


Marlborough, Mass., May 10, 2016— Bloomberg, L.P. and two Bloomberg employees, Jesse Westbrook, a Bloomberg editor, and Matt Robinson, a Bloomberg reporter, were sued today for defamation in Massachusetts Superior Court. The plaintiff, Father Emmanuel Lemelson, seeks $100 million in compensatory damages for defamation in a March 18, 2016 Bloomberg article by Robinson.


Robinson’s March 18 article, “Hedge Fund Priest’s Trades Probed by Wall Street Cop,” wrongly reports that Lemelson “is being investigated by U.S. regulators for possible stock manipulation” and other factually inaccurate allegations. The defamatory article cites no statement or source from the U.S. Securities and Exchange Commission (SEC) or any other federal agency that would be positioned to confirm the allegations. Nor does the Bloomberg article cite or quote any reliable source that could confirm the claims.


Official records reveal that neither Robinson nor Westbrook or any other Bloomberg employee ever submitted a Freedom of Information Act (FOIA) request with the SEC for any information that would have established their defamatory allegations. Additionally, as cited in the complaint, Robinson was specifically told by the plaintiff that neither he nor his firm were the target of any investigation. Yet, Robinson replied that “I am going to write that you are being investigated anyway.”


Lemelson said today that he has been advised by legal counsel for the suit, Thomas Mason, Esq., that the article meets and exceeds the threshold for the statutory definition of defamation, commercial disparagement, negligence and punitive damages. Mason also said today that the Bloomberg article written by Robinson and overseen by editor Westbrook “is the most egregious example of indisputable and actionable defamation that I have witnessed in my 27-year legal career.”


Lemelson Capital Management’s counsel also confirmed today that they have been assured by the SEC that neither Lemelson nor Lemelson Capital Management, which manages the industry-leading Amvona Fund, are or have ever been the target of any investigation.


The complaint against Bloomberg, Robinson and Westbrook seeks $100 million in compensatory damages. The full complaint, filed today in Massachusetts Superior Court, can be read here:

 

About Lemelson Capital Management
Lemelson Capital Management, LLC is a private investment management firm focused on deep value and special situation investments. The firm's flagship fund, The Amvona Fund, has been named repeatedly one of the world's top performing hedge funds. For more information, see: http://www.lemelsoncapital.com

 

For further information, please contact:


Lemelson Capital Management Public and Media Relations:
Telephone: 508-630-2281


SOURCE: Lemelson Capital Management, LLC

 

$100 Million Defamation Suit Filed against Bloomberg L.P., Reporter Matt Robinson and Editor Jesse Westbroo... by amvona

Friday, 22 February 2013 |

Amvona Pledges Award to Charity

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Boston, MA February 22, 2013

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Photoflex Products Inc. of Watsonville, California and Photoflex’ President, Sharon Reeves, have paid $100,000 in damages to Amvona to settle a lawsuit alleging Photoflex’s unfair and deceptive business practices, including defamatory and materially misleading statements made by Photoflex and Ms. Reeves concerning Amvona.

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updateHere are a few of the changes and updates that have been made to the Amvona site in the last week (still working out bugs).


New Site Design


The site now features an entirely new design with emphasis on simplicity and that hopefully reflects the nature of the over 50 critical articles published in the “Featured” section. Unnecessary elements were removed, the back-end completely overhauled, and the site improved for html 5 and display on mobile devices.

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blog_updatesWe would like to take a moment to share the changes and updates that have been made to the Amvona site over the last few weeks. 

First, we made the “Latest News” category the new home page, and thus eliminated much of the clutter of the previous UI.  We hope this simplifies the content on the home page, and makes finding new articles faster and easier.  Articles from all of the sub-categories now appear in the main list on the home page, (scroll down just under the “Latest Blogs” section).  Content is updated about every four hours.
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Amvona logo final 4Amvona Store: August 1999 - April 2010

 

  • - Initial capital: $300
  • - 1999-2003:  One employee -  (mostly) in a dorm room
  • - 1999-2005:  Growth completely self-financed - zero debt.
  • - 1999-2006:  Compound Annual Growth Rate ~120%
  • - 1999-2010:  Shipped over 1 mil products to ~ 300k customers worldwide.
  • - April  2010:  Precisely zero bank debt on our balance sheet.

 

We have seen and been part of a miracle.
 
G.M. Lemelson
Founder and CEO
Now the Amvona Blog...

 

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