$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.
"Like all great investments, it requires patience. We've said from day one, we'd be happy if we realized we were right after two years. We're about eight or nine months into that… we're just going to keep buying for the next four or five months and hopefully we'll get 10 percent of the company."
- Benzinga PreMarket Prep Show, June 5, 2015
Lemelson Capital Management Labels Bloomberg Article “Irresponsible and Libelous”
Firm reiterates it has not been and is not the target of any probe or investigation
Listen to Rev. Fr. Emmanuel Lemelson Live – February 18, 2016 - Benzinga Pre-Market Prep Show
PreMarket Prep for February 18: Pain in the retail game Interview begins at 57 Min. Mark
On November 5, 2015 Rev. Fr. Emmanuel Lemelson appeared on Fox Business News discussing amongst other topics a short call in shares of NetFlix (NASDAQ: NFLX).
On November 24th, 2015 Lemelson Capital significantly increased the size of its short stake in shares NFLX – the aggregate short price ended at $122.81. The shares closed on Friday, February 5th at $82.79 a decline in value / return of 32.6% in just over two months.
On February 3, 2016 Fr. Emmanuel Lemelson gave the following Lecture on Faith and Finance at the Naval War College in Newport, RI.
Lemelson Capital's March 3, 2015 position on Lumber Liquidators (NYSE:LL) has been proven correct. Previously Lemelson was the only firm to speak out publicly in support of LL and its founder and chairman Tom Sullivan on the issue of intent regarding LL's controversial wood flooring products based on a March 2015 60 minutes expose.
On December 9, 2015 Rev. Father Emmanuel Lemelson, Founder and President of the Lantern Foundation and Chief Investment Officer of Lemelson Capital, was invited onto Benzinga's Pre-Market Prep show to discuss a recent profile in the Wall Street Journal, Donald Trump, ISIS and the price of Oil. Interview also includes commentary on Geospace Technologies (NASDAQ: GEOS) and Skechers (NYSE: SKX).
One of Most Authoritative Publications Covering Religion Recognizes Wall Street Journal Reporting Errors and Biases, Strikes Entire Article
On November 6, 2015 Rev. Father Emmanuel Lemelson, Founder and President of the Lantern Foundation and Chief Investment Officer of Lemelson Capital, was invited onto Benzinga's Pre-Market Prep show to discuss a recent profile of him in the Wall Street Journal.
Letter to Wall Street Journal Editor Daniel Fitzpatrick Details 14 Major Factual Errors and Omissions
Letter to Wall Street Journal Editor Daniel Fitzpatrick Describes October 27 Profile on Emmanuel Lemelson as “Directory of Fallacies”
On October 30, 2015 Rev. Father Emmanuel Lemelson, Founder and President of the Lantern Foundation and Chief Investment Officer of Lemelson Capital, was invited onto Benzinga's Pre-Market Prep show to discuss how he selects securities, his educational background and much more.
Skechers (NYSE: SKX) shares plunge 35% after hours - ~43% since negative LCM comments on Benzinga August 12, 2015