Bloomberg L.P. - Wikipedia

Bloomberg L.P. provides financial software tools and enterprise applications such as analytics and equity trading platform, data services, and news to financial ... BloombergL.P. FromWikipedia,thefreeencyclopedia Jumptonavigation Jumptosearch Americanfinancial,software,data,andmediacompany Forotheruses,seeBloomberg(disambiguation). BloombergL.P.BloombergToweronLexingtonAvenueinMidtownManhattanTypePrivate,limitedpartnershipIndustryTechnology,Financialtechnology,massmediaFoundedOctober 1,1981;40yearsago (1981-10-01)[1][2]FoundersMichaelBloombergThomasSecundaDuncanMacMillanCharlesZegar[3]HeadquartersBloombergTower731LexingtonAvenue,NewYorkCityNumberoflocations176offices(2021)KeypeoplePeterGrauer(chairman)MichaelBloomberg(co-founder&CEO)RevenueUS$10billion(2019)[4]OwnerMichaelBloomberg(88%)[5]BankofAmerica(throughMerrillLynch)(12%)Numberofemployees20,000[6]Websitebloomberg.com ThisarticleispartofaseriesaboutMichaelBloomberg Politicalpositions Electoralhistory BloombergL.P. Terminal News Television Radio Businessweek Markets MayorofNewYorkCity Mayoralty Elections 2001 2005 2009 2020presidentialcampaign Primaries Endorsements BloombergPhilanthropies BeyondCoal EverytownforGunSafety DraftBloombergmovement PortableBloomberg:TheWitandWisdomofMichaelBloomberg vte BloombergL.P.isaprivatelyheldfinancial,software,data,andmediacompanyheadquarteredinMidtownManhattan,NewYorkCity.Itwasco-foundedbyMichaelBloombergin1981,withThomasSecunda,DuncanMacMillan,CharlesZegar,[7]anda12%ownershipinvestmentbyBankofAmericathroughtheirbrokeragesubsidiaryMerrillLynch.[8] BloombergL.P.providesfinancialsoftwaretoolsandenterpriseapplicationssuchasanalyticsandequitytradingplatform,dataservices,andnewstofinancialcompaniesandorganizationsthroughtheBloombergTerminal(viaitsBloombergProfessionalService),itscorerevenue-generatingproduct.[9]BloombergL.P.alsoincludesawireservice(BloombergNews),aglobaltelevisionnetwork(BloombergTelevision),websites,radiostations(BloombergRadio),subscription-onlynewsletters,andtwomagazines:BloombergBusinessweekandBloombergMarkets.[10] Thecompanyhas176locationsandnearly20,000employees.[4][11] InMay2022,BloombergannounceditwouldlaunchanewventureintheUK,BloombergUK,aspartofawiderinternationalstrategy.BloombergUKplanstohireintheregionandhaslaunchedastandalonewebsite,aweeklyvideoseries,apodcastandneweventseries.[12] Contents 1History 2Seniorleadership 2.1Listofformerchairmen 2.2Listofformerchiefexecutives 3Acquisitions 3.1BloombergRadio(formerlyWNEW) 3.2BloombergBusinessweek(formerlyBusinessWeek) 3.3NewEnergyFinance 3.4BureauofNationalAffairs(BNA) 3.5BloombergPolarLake 3.6Barclaysindicesbusiness 3.7Bloombergsportsanalysis 3.8CityLab 4Productsandservices 4.1BloombergProfessionalServices 4.2BloombergNews 4.3BloombergRadio 4.4BloombergTelevision 4.5BloombergMarkets 4.6BloombergPursuits 4.7BloombergEntityExchange 4.8BloombergGovernment 4.9BloombergLaw 4.10BloombergOpinion 4.11BloombergTradebook 4.12BloombergBeta 4.13BloombergInnovationIndex 4.14OpenBloomberg 4.15BloombergLive 4.16BloombergQuicktake 4.17BloombergNewEconomyForum 5Offices 5.1Locations 5.2Corporateculture 5.3Leadership 6Controversies 6.1TurnerConstructionandBloombergLPconstructionscandal 6.2Lawsuits 6.2.1Olszewskiv.BloombergL.P. 6.2.2SekikoSakaiGarrisonv.MichaelBloombergandBloombergL.P. 6.2.3EEOCv.BloombergL.P. 6.2.4BloombergL.P.v.BoardofGovernorsoftheFederalReserve 6.2.5BloombergL.P.v.BloombergLtd 6.2.6NafeesaSyeedv.BloombergL.P. 7Seealso 8References 9Externallinks History[edit] BloombergTerminalatLondonCityAirport In1981,SalomonBrotherswasacquired,andMichaelBloomberg,ageneralpartner,wasgivena$10 millionpartnershipsettlement.[13]Bloomberg,havingdesignedin-housecomputerizedfinancialsystemsforSalomon,[14]usedhis$10 millionpartnershipbuyouttostartInnovativeMarketSystems(IMS).[15][14]Bloombergdevelopedandbuilthisowncomputerizedsystemtoprovidereal-timemarketdata,financialcalculationsandotherfinancialanalyticstoWallStreetfirms.TheMarketMasterterminal,latercalledtheBloombergTerminal,wasreleasedtomarketinDecember1982.[2]MerrillLynchbecamethefirstcustomer,purchasing20terminalsanda30%equitystakeinthecompanyfor$30 millioninexchangeforafive-yearrestrictiononmarketingtheterminaltoMerrillLynch'scompetitors.[14]MerrillLynchreleasedIMSfromthisrestrictionin1984.[14] In1986,thecompanyrenameditselfBloombergL.P.(limitedpartnership).[16]BloomberglaunchedBloombergBusinessNews,laterBloombergNews,in1990,withMatthewWinkleraseditor-in-chief.[17]Bloomberg.comwasfirstestablishedonSeptember29,1993,asafinancialportalwithinformationonmarkets,currencyconversion,newsandevents,andBloombergTerminalsubscriptions.[18] Inlate1996,Bloombergboughtbackone-thirdofMerrillLynch's30percentstakeinthecompanyfor$200 million,valuingthecompanyat$2 billion.[19]In2008,facinglossesduringthefinancialcrisis,MerrillLynchagreedtosellitsremaining20percentstakeinthecompanybacktoBloombergInc.,[20]majority-ownedbyMichaelBloomberg,[21]forareported$4.43 billion,valuingBloombergL.P.atapproximately$22.5 billion.[22][23] BloombergL.P.hasremainedaprivatecompanysinceitsfounding;themajorityofwhichisownedbybillionaireMichaelBloomberg.[22]TorunforthepositionofMayorofNewYorkagainstDemocratMarkGreenin2001,BloomberggaveuphispositionofCEOandappointedLexFenwickasCEOinhisstead.[24]in2012,PeterGrauerbecamethechairmanofthecompany,arolehestillholds.[25]In2008,FenwickbecametheCEOofBloombergVentures,anewventurecapitaldivisionandDanielDoctoroff,formerdeputymayorintheBloombergadministration,wasnamedpresidentandCEO,servinguntilSeptember2014.[26][27]Atthatpoint,itwasannouncedthatMichaelBloombergwouldbetakingthereinsofhiseponymousmarketdatacompanyfromDoctoroff,whowaschiefexecutiveofBloombergforthepastsixyearsafterhistermasdeputymayor.[28] Seniorleadership[edit] Chairman:PeterGrauer(sinceMarch2001) ChiefExecutive:MichaelBloomberg(sinceDecember2014) Listofformerchairmen[edit] MichaelBloomberg(1981–2001) Listofformerchiefexecutives[edit] MichaelBloomberg(1981–2002) PeterGrauer(2002–2011) DanielDoctoroff(2011–2014) Acquisitions[edit] Sinceitsfounding,BloombergL.P.hasmadeseveralacquisitionsincludingtheradiostationWNEW,BusinessWeekmagazine,researchcompanyNewEnergyFinance,theBureauofNationalAffairsandthefinancialsoftwarecompanyBloombergPolarLake.OnJuly9,2014,BloombergL.P.acquiredRTSRealtimeSystems,aglobalprovideroflow-latencyconnectivityandtradingsupportservices.[29]OnAugust13,2019,BloombergacquiredRegTek.Solutionsinamovetoexpanditssuiteofregulatoryreportinganddatamanagementservices.[30] BloombergRadio(formerlyWNEW)[edit] In1992,BloombergL.P.purchasedNewYorkRadiostationWNEWfor$13.5 million.Thestationwasconvertedintoanall-newsformat,knownasBloombergRadio,andthecallletterswerechangedtoWBBR.[31] BloombergBusinessweek(formerlyBusinessWeek)[edit] BloombergL.P.boughtaweeklybusinessmagazine,BusinessWeek,fromMcGraw-Hillin2009.Thecompanyacquiredthemagazine—whichwassufferingfromdecliningadvertisingrevenueandlimitedcirculationnumbers—toattractgeneralbusinesstoitsmediaaudiencecomposedprimarilyofterminalsubscribers.[32]Followingtheacquisition,BusinessWeekwasrenamedBloombergBusinessweek.In2018,JoelWeberwasnamededitorofthemagazine.[33] NewEnergyFinance[edit] In2009,BloombergL.P.purchasedNewEnergyFinance,adatacompanyfocusedonenergyinvestmentandcarbonmarketsresearchbasedintheUnitedKingdom.[34]NewEnergyFinancewascreatedbyMichaelLiebreichin2004,toprovidenews,dataandanalysisoncarbonandcleanenergymarkets.BloombergL.P.acquiredthecompanytobecomeanindustryresourceforinformationtosupportlow-carbonenergydevelopment.ItwasrenamedtoBloombergNewEnergyFinanceorBNEFforshort.Liebreichcontinuedtoleadthecompany,servingasthechiefexecutiveofficer[35]until2014,whenhesteppeddownasCEObutremainedinvolvedaschairmanoftheadvisoryboard.[36] ThecompanyhasbeenrenamedBloombergNEF—orBNEFforshort.BloombergNEFhasexpandeditsresearchareastocoverrenewableenergy,advancedtransport,digitalindustry,innovativematerials,sustainabilityandcommodities.[37][38]BNEFprovidesresearch,long-termforecasts,analyticaltoolsandglobalin-depthanalysiscoveringawiderangeofenergyandrelatedindustries.Analystscovering6continentspublishmorethan700researchreportsayear.[39][40] BureauofNationalAffairs(BNA)[edit] BloombergL.P.purchasedArlington,Virginia-basedBureauofNationalAffairsinAugust2011,for$990 milliontobolsteritsexistingBloombergGovernmentandBloombergLawservices.[41]BNApublishesspecializedonlineandprintnewsandinformationforprofessionalsinbusinessandgovernment.Thecompanyproducesmorethan350newspublicationsintopicareasthatincludecorporatelawandbusiness,employeebenefits,employmentandlaborlaw,environment,healthandsafety,healthcare,humanresources,intellectualproperty,litigation,andtaxandaccounting.[42] BloombergPolarLake[edit] InMay2012,BloombergL.P.acquiredDublin-basedsoftwareproviderPolarLakeandlaunchedanewenterprisedatamanagementservicetohelpcompaniesacquire,manageanddistributedataacrosstheirorganizations.[43] Barclaysindicesbusiness[edit] OnDecember16,2015,itwasannouncedthatBarclayshadagreedtosellitsindexbusiness,BarclaysRiskAnalyticsandIndexSolutionsLtd(BRAIS),toBloombergL.P.for£520 million,orabout$787 million.[44]ThecompanywillberenamedBloombergIndexServicesLimited. Bloombergsportsanalysis[edit] InSeptember2014,BloombergsolditsBloombergSportsanalysisdivisiontothedataanalysisfirmSTATSLLC(nowStatsPerform)forafeerumoredtobebetween$15 millionand$20 million.[45] CityLab[edit] OnDecember10,2019,BloombergMediaannouncedthatithasreachedanagreementtoacquireCityLab,TheAtlantic'saward-winningnewssiteforsolutions-basedjournalismonurbaninnovationandthefutureofcities.ThiswasBloomberg'sfirstacquisitionofaneditorialpropertybythenewsandfinancialdatacompanyinoveradecade.[46] Productsandservices[edit] BloombergProfessionalServices[edit] In2011,salesfromtheBloombergProfessionalServices,alsoknownastheBloombergTerminal,accountedformorethan85percentofBloombergL.P.'sannualrevenue.[47]Thefinancialdatavendor'sproprietarycomputersystem,startingat$24,000peruserperyear,[48]allowssubscriberstoaccesstheBloombergProfessionalservicetomonitorandanalyzereal-timefinancialdata,searchfinancialnews,obtainpricequotesandsendelectronicmessagesthroughtheBloombergMessagingService.TheTerminalcoversbothpublicandprivatemarketsglobally.[49] BloombergNews[edit] BloombergNewswasco-foundedbyMichaelBloombergandMatthewWinklerin1990,todeliverfinancialnewsreportingtoBloombergterminalsubscribers.In2000,BloombergNewsincludedmorethan2,300editorsandreportersin100countries.[50]ContentproducedbyBloombergNewsisdisseminatedthroughtheBloombergterminal,BloombergTelevision,BloombergRadio,BloombergBusinessweek,BloombergMarketsandBloomberg.com.Since2015,JohnMicklethwaithasservedaseditor-in-chief.[51] BloombergRadio[edit] Mainarticle:BloombergRadio BloombergTelevision[edit] BloombergTelevision,aserviceofBloombergNews,isa24-hourfinancialnewstelevisionnetwork.Itwasintroducedin1994,asasubscriptionservicetransmittedonsatellitetelevisionproviderDirecTV,13hoursaday,7daysaweek.[52]Thenetworkhastakenoverthechannelspaceofthe-defunctFinancialNewsNetworkandhiredmostoftheformerFNNemployees.Soonafter,thenetworkenteredthecabletelevisionmarketandby2000,Bloomberg's24-hournewsprogrammingwasbeingairedto200 millionhouseholds.[53]JustinB.SmithservesasCEOofBloombergMultimediaGroupwhichincludesBloombergRadio,BloombergTelevisionandonlinecomponentsofBloomberg'smultimediaofferings.[54] BloombergMarkets[edit] BloombergMarketsisamonthlymagazinelaunchedin1992,thatprovidesin-depthcoverageofglobalfinancialmarketsforfinanceprofessionals.[55]In2010,themagazinewasredesignedinanefforttoupdateitsreadershipbeyondBloombergterminalusers.[56]MichaelDukmejianhasservedasthemagazine'spublishersince2009.[57] BloombergPursuits[edit] BloombergPursuitswasabimonthlyluxurymagazinedistributedexclusivelytoBloombergterminalusersandtonewsstands.Itceasedpublicationin2016.AdigitaleditionandshowonBloombergTelevisioncontinueunderthesamename.[58] BloombergEntityExchange[edit] BloombergEntityExchangeisaweb-based,centralisedandsecureplatformforbuysidefirms,sellsidefirms,corporationsandinsurancefirms,banksorbrokerstofulfillKnowYourCustomer(KYC)compliancerequirements.ItwaslaunchedonMay25,2016.[59][60] BloombergGovernment[edit] Launchedin2011,BloombergGovernmentisanonlineservicethatprovidesnewsandinformationaboutpolitics,alongwithlegislativeandregulatorycoverage.[61][62] BloombergLaw[edit] In2009,BloombergL.P.introducedBloombergLaw,asubscriptionserviceforreal-timelegalresearch.[63]Asubscriptiontotheserviceprovidesaccesstolawdockets,legalfilings,andreportsfromBloomberglegalanalystsaswellasbusinessnewsandinformation.[64] BloombergOpinion[edit] BloombergOpinion,formerlyBloombergView,isaneditorialdivisionofBloombergNewswhichlaunchedinMay2011.[65]Thesiteprovideseditorialcontentfromcolumnists,authorsandeditorsaboutnewsissuesandisavailableforfreeonthecompany'swebsite.[66]DavidShipley,formerOp-EdpageeditoratTheNewYorkTimes,servesasBloombergOpinion'sexecutiveeditor.[67] BloombergTradebook[edit] BloombergTradebookisanelectronicagencybrokerageforequity,futures,optionsandforeignexchangetrades.[68]Its"buyside"servicesincludeaccesstotradingalgorithms,analyticsandmarketinginsights,whileits"sellside"servicesincludeconnectiontoelectronictradingnetworksandglobaltradingcapabilities.[69]BloombergTradebookwasfoundedin1996,asanaffiliateofBloombergL.P.[68] BloombergBeta[edit] BloombergBetaisaventurecapitalfirmcapitalizedbyBloombergL.P.[70]Foundedin2013,the$75 millionfundisfocusedoninvestmentsinareasbroadlyofinteresttoBloombergL.P.,andinvestspurelyforfinancialreturn.ItisheadquarteredinSanFrancisco.[71] BloombergInnovationIndex[edit] TheBloombergInnovationIndexisanannualrankingofhowinnovativecountriesare.Itisbasedonsixcriteria:researchanddevelopment,manufacturing,high-techcompanies,post-secondaryeducation,researchpersonnel,andpatents.[72][73]BloombergusesdatafromtheWorldBank,theInternationalMonetaryFund,theWorldIntellectualPropertyOrganization,theUnitedStatesPatentandTrademarkOffice,theOECDandUNESCOtocompiletheranking.[74] OpenBloomberg[edit] Bloomberghasopenlylicenseditssymbologysystem(BloombergOpenSymbology,BSYM),andfinancialdataAPI(BloombergProgrammingAPI,BLPAPI).[75] BloombergLive[edit] BloombergLiveisaseriesofconferencestargetedtowardsbusinesspeople.[76] BloombergQuicktake[edit] Quicktake(formerlyTicToc)isBloomberg'ssocialmediabrand.OriginallylaunchedonTwitter,itwasexpandedtootherplatformsincludingFacebook,Instagram,YouTubeandisalsoavailableonAmazon'sAlexa.ItwillalsoplayatseveralscreensacrossmultipleairportsintheUnitedStatesandCanada.Theplatformismanagedbyateamof70people,consistingofeditors,producersandsocialmediaspecialistslocatedacrossthreebureausinNewYork,LondonandHongKong.[77]InDecember2019,TicTocwasrenamed"QuickTakebyBloomberg"inordertoavoidconfusionwiththesocialmediaplatformTikTok.[78]Thecamelcaseandtheword"by"werelatereliminated,and"Bloomberg"wasmovedinfrontof"Quicktake",althoughthetwowordsdonotalwaysappeartogether.[79] BloombergNewEconomyForum[edit] BloombergNewEconomyForumisaninvitation-onlyeventforbusinessexecutives,governmentofficials,andacademics.[citationneeded]Theinauguraleventwasheldin2018inSingapore.In2019,theannualforumwilltakeplaceinBeijing,China.[80] TheBloombergNewEconomyForumCommunityincludesleadersfromthepublicandprivatesectorsfromaroundtheworld.2018participantsrepresentedmorethan$5.36trillioninmarketcapandboastedarosterofover400delegatesfromaroundtheworld.ForumadvisoryboardmembersincludeformerU.S.SecretaryofStateDr.HenryA.Kissinger,formerU.S.SecretaryoftheTreasuryHankPaulson,VicePremierofChinaZengPeiyan,BillGates,MukeshAmbani,JanetYellen,UrsulaBurns,GaryCohn,OritGadiesh,WalterIsaacson,YorikoKawaguchi,MartinLau,JorgePauloLemann,JeanLiu,StriveMasiyiwa,andmore.[citationneeded]Foundingpartnersoftheforumincluded3M,ADNOC,Dangote,ExxonMobil,FedEx,HSBC,Hyundai,Mastercard,Microsoft,&Softbank.[81] Offices[edit] Locations[edit] BloombergLondonbuilding BloombergL.P.'sheadquartersislocatedin731LexingtonAvenue(informallyknownasBloombergTower)inMidtownManhattan,NewYorkCity.[82]Asof2011[update],BloombergL.P.occupied900,000squarefeet(84,000 m2)ofofficespaceatthebaseofthetower.Thecompany'sNewYorkofficesalsoinclude400,000squarefeet(37,000 m2)locatedat120ParkAvenue.[83]Itmaintainsofficesin167locationsaroundtheworld,[6]includingBloombergLondon,itsEuropeanheadquarters.[84] Corporateculture[edit] TheBloombergL.P.officesarenon-hierarchical–evenexecutivesdonothaveprivateoffices.[42]Allemployeessitatidenticalwhitedeskseachtoppedwithacustom-builtBloombergcomputerterminal.Theofficespacealsoincludesrowsofflat-panelmonitorsoverheadthatdisplaynews,marketdata,theweatherandBloombergcustomerservicestatistics.[85] Leadership[edit] BloombergL.P.'sManagementCommitteeincludesMichaelBloomberg,PeterGrauer,andThomasSecunda.[86] Controversies[edit] TurnerConstructionandBloombergLPconstructionscandal[edit] Between2010and2017,a"pay-to-play"schemewentalongbetweentwoTurnerConstructionexecutives,twoBloombergexecutives;andvendorsandsubcontractorsinvolvinginteriorconstructionattheBloombergofficesincludingitsheadquartersat731LexingtonAve.[87]InJuly2020,Bloomberg'sconstructionmanagerMichaelCampanawassentencedtotwoyearsinprisonfortaxevasionon$420,000inconnectionwithacceptingbribery.[88][89][90]Thebriberywasintheformofcash,workonpersonalproperty,SuperBowlticketsandpaymentforCampana'swedding.[91]OnSeptember29,2020,AnthonyGuzzone,theDirectorofGlobalConstructionatBloombergfrom2010and2017,pleadedguiltytoevadingtaxesonover$1.45millionhereceivedinbribesfromconstructionsubcontractorsinexchangeforbeingawardedworkperformedforBloomberg.Guzzoneacceptedmorethan$5.1millioninbribes.HewassentencedtoprisonforthreeyearsandtwomonthsinJanuary2021[92][93][94][95] Lawsuits[edit] Olszewskiv.BloombergL.P.[edit] In1996,formerBloombergL.P.salesrepresentativeMaryAnnOlszewskisuedthecompany,allegingthatshewasdruggedandrapedbyhersupervisor,BryanLewis,andclaimedshewasterminatedshortlyafterreportingtheincidentinaMay25,1995,meeting.[96][97]ThelawsuitalsoallegedthecompanyinternallyinvestigatedOlszewski,attemptingtogetcoworkerstoportrayheras"flirtatious"ora"sexhound."[97]Olszewskialsoclaimedthatmaleemployeesatthecompanyengagedinthe"sexualdegradationofwomen"andthatthecompany"tooknostepstopreventorcurtailtheongoingsexualharassmentoffemaleemployeesbyMichaelBloomberg."[96]Bloomberg,onbehalfofBloombergL.P.,testifiedthathewasmadeawareoftherapeallegationandofferedtomoveOlszewskiintoanothersalesunit.[97]BloombergalsotestifiedthathedidnotfindOlszewski'sallegationgenuinebecausetherewasnot"anunimpeachablethird-partywitness"presentduringtheallegedevent,elaboratingthat"therearetimeswhenthreepeoplearetogether."[98] Thecasewasdismissedbyafederaljudgein1999afterOlszewski'slawyerhadignoredrepeateddeadlinestosubmitaresponsetoamotiontoendthecase.Thecasewasre-openedbyanotherlawyerin2000,butdisappearedfromthecourtdocketin2001.[97] SekikoSakaiGarrisonv.MichaelBloombergandBloombergL.P.[edit] In1997,formerBloombergL.P.salesexecutiveSekikoSakaiGarrisonfiledalawsuitagainstthecompanyandMichaelBloomberg,allegingsexualharassmentandwrongfultermination.[99][100]GarrisonallegedthatwhenshetoldBloombergthatshewaspregnant,hetoldherto"Killit!"andsaid"Great!Number16,"referringtothenumberofwomeninthecompanywhowerepregnantoronmaternityleaveatthetime.[98]Accordingtothelawsuit,Garrisontoldamanagerabouttheincidentbutwastoldto"forgetiteverhappened"beforebeingfired.[96] GarrisonalsoclaimedthatBloombergtoldfemalesalespeopleto"lineuptogivehim[oralsex]asaweddingpresent,"referringtoamaleemployeewhowasgettingmarried.[96]ThelawsuitalsoallegedthatBloombergberatedafemaleemployeewhohadtroublefindingananny,saying,"It'saf------baby!Allitdoesiseatands---!Itdoesn'tknowthedifferencebetweenyouandanyoneelse!Allyouneedissomeblackwhodoesn'tevenhavetospeakEnglishtorescueitfromaburningbuilding!"[96][99] Thecompanydidnotadmitanywrongdoing,butsettledthelawsuitoutofcourtin2000.[97] EEOCv.BloombergL.P.[edit] InSeptember2007,theEqualEmploymentOpportunityCommission(EEOC)filedaclass-actionlawsuitagainstBloombergL.P.onbehalfofmorethan80femaleemployeeswhoarguedthatBloombergL.P.engagedindiscriminationagainstwomenwhotookmaternityleave.[101]InAugust2011,JudgeLorettaA.PreskaofthefederalUnitedStatesDistrictCourtfortheSouthernDistrictofNewYorkinManhattandismissedthecharges,writingthattheEqualEmploymentOpportunityCommissiondidnotpresentsufficientevidencetosupporttheirclaim.[102] InSeptember2013,PreskadismissedanEEOClawsuitonbehalfof29pregnantemployeesofBloombergL.P.[103]Inaddition,shedismissedpregnancybiasclaimsfromfiveindividualplaintiffs,andallowedpartofthecasefromasixthplaintifftoproceed.[104] BloombergL.P.v.BoardofGovernorsoftheFederalReserve[edit] BloombergL.P.broughtalawsuitagainsttheBoardofGovernorsoftheFederalReserveSystem(BloombergL.P.v.BoardofGovernorsoftheFederalReserveSystem)toforcetheFedtosharedetailsaboutitslendingprogramsduringtheU.S.Governmentbailoutin2008.[105]TherecordsdocumentedFederalReserveloansissuedtofinancialfirmsandrevealedtheidentitiesofthefirms,theamountsborrowedandthecollateralpostedinreturn.[106]BloombergL.P.wonatthetrialcourtlevel.[107]TheSecondCircuitCourtruledinfavorofBloombergL.P.inMarch2010,butthecasewasappealedtotheSupremeCourtbyagroupoflargeU.S.commercialbanksinOctober.InMarch2011,theSupremeCourtletstandtheSecondCircuitCourtrulingmandatingthereleaseofFedbailoutdetails.[108] BloombergL.P.v.BloombergLtd[edit] OnOctober22,2008,BloombergL.P.appliedforachangeofnameofBloombergLtd,unders.69(1)(b)oftheCompaniesAct2006.BloombergL.P.thenamendeditsnametoBloombergFinanceThreeL.P.BloombergLtdwasorderedattheCompanyNamesTribunalonMay11,2009,tochangeitsnamesoastonothaveanamethatwouldlikelyinterfere,bysimilarity,withthegoodwillofBloombergFinanceThreeL.P.aswellastopaycosts.[109] NafeesaSyeedv.BloombergL.P.[edit] AccordingtoarecentcaseinAugust2020,BloombergL.P.isagainbeingchargedwithdiscriminationagainstblackandnon-whiteworkers.NafeesaSyeed,whoservedatBloombergforaroundfouryearsasanationalsecurityreporterandMiddleEastreporter,suedthecorporationinNewYorkcitycourtforsexismbasedonhergenderandherethnicityasaSouthAsian-American.Bloombergfacesarelatedcomplaintbyaformersaleswoman,whofiledunderapseudonyminJuneandthecorporationisnowseekingtocompelapublicreleaseofhername.Throughoutbothcasesthesamelawfirmdefendsthevictims.[110] Seealso[edit] NewYorkCityportal Companiesportal BloombergMarkets BloombergTerminal 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