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Hedge funder who was fired for criticizing Trump sues Bannon-backing Mercers

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Billionaire hedge fund mogul and major Donald Trump funder Robert Mercer is being sued by a long time employee for criticizing President Trump.

For two decades, research scientist David Magerman worked at Mercer’s Renaissance Technologies LLC. His employment ended on April 29, in what he claims was a wrongful termination.

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“The dispute started on Jan. 16 when Magerman called Mercer and asked to have a conversation about his support of Trump, according to the complaint,” Bloomberg reported. “During the chat, Mercer said the U.S. had started going in the wrong direction ‘after the passage of the Civil Rights Act in the 1960s,’ according to the complaint. Mercer also said that black Americans ‘were doing fine’ in the late 1950s and are the ‘only racist people remaining in the U.S.,’ according to the complaint.”

Additionally, the complaint claims Mercer said racial segregation was not an important issue.

“Mercer, a major investor in Trump-friendly Breitbart News, advised the president to hire two of the Mercer family’s longtime political advisers, Stephen Bannon and Kellyanne Conway,” Bloomberg continued. “Mercer emerged as one of the most influential Republican donors in the 2016 election, giving at least $2 million to Make America Number 1, a political action committee that began backing Trump in July.”

Mercer’s daughter Rebekah chaired the Make America Number 1 PAC. Rebekah Mercer was a member of Trump’s transition and also features in the lawsuit. It’s alleged she confronted Magerman on April 20 at a celebrity poker in New York City, calling him, “pond scum” and saying Karma, “is a bitch.”

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The lawsuit Magerman v. Mercer, 17-cv-02083 was filed in U.S. District Court, Eastern District of Pennsylvania (Philadelphia).

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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Trump is ‘a bottomless pit of emotional need’ with a ‘desperate’ desire for friends: NYT’s Charles Blow

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New York Times editorial writer Charles Blow called out the president in his Sunday editorial for always associating the country with himself.

The byproduct of narcissism is that everything surrounds the narcissist. Such is the case with President Donald Trump's latest series of tweets talking about "My Stock Market" and quoting a fan referring to him as the second coming of Christ.

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‘Disconnected from reality’: NY Times editor ridicules Trump for being a ‘farce’ of a president

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New York Times editorial board member, Michelle Cottle, released a scathing op-ed highlighting the president's tendency to give oxygen to his adversaries that no one else would be paying attention to otherwise.

In a piece relating the White House to a "three-ring" circus, Cottle called the president a "farce" for his new war with Anthony Scaramucci.

As the president tweeted, no one had heard of Scaramucci until Trump hired him and former chief-of-staff John Kelly fired him after only 11 days.

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Trump goes off on Twitter rant about ‘My Stock Market’ at nearly 2 a.m. in France

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President Donald Trump has an early morning meeting Monday with Egypt's President Abdel-Fattah el-Sisi. He also has a full day of meeting with the G-7, but that wasn't his focus in the early morning hours.

"My Stock Market gains must be judged from the day after the Election (sic), November 9, 2016, where the Market went up big after the win, and because of the win. Had my opponent won, CRASH!" Trump tweeted Sunday night in the U.S., which was nearly 2 a.m. in France where the president is staying during the G-7 summit.

My Stock Market gains must be judged from the day after the Election, November 9, 2016, where the Market went up big after the win, and because of the win. Had my opponent won, CRASH!

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