Categories: OLD Media Moves

Priest who runs hedge fund files libel suit against Bloomberg

A Greek Orthodox priest who runs a small hedge fund on the side has filed a $100 million libel and defamation suit against Bloomberg LP, along with a reporter and an editor, reports Keith Kelly of the New York Post.

Kelly writes, “Father Emmanuel Lemelson said he was defamed by the story ‘Hedge Fund Priest’s Trades Probed by Wall Street Cop,’ that claimed — wrongly — that he was being investigated for possible stock manipulation. The article was written by Matt Robinson and edited by Jesse Westbrook.

“A Bloomberg spokesman said, ‘We stand by our story.'”

Read more here. Robinson has been with Bloomberg for nearly six years. He covers white-collar crime, focusing on SEC enforcement.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.