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Thursday, March 2, 2023

NYC to pay up to $6M — or $21K each — to protesters ‘kettled’ or beaten by cops during 2020 demo

 The city has agreed to shell out $21,500 to each of the more than 300 protesters who were confined and some beaten or pepper-sprayed by NYPD officers in The Bronx during the nationwide 2020 George Floyd demonstrations.

The proposed settlement — which will have to be signed off on by a federal judge — was published in a Manhattan federal class-action suit filed by the protesters who were “kettled” by cops at the protest in Mott Haven on June 4, 2020. 

Protesters who were unlawfully charged with a crime after being confined by officers will receive an additional $2,500, according to the terms of the settlement. 

If Judge Colleen McMahon okays the proposed agreement, the city would have to shell out up to $6 million to the protesters. 

It could be the highest per-person amount awarded in a mass-arrest class-action lawsuit in city history, according to a statement from plaintiff attorneys Ali Frick and Doug Lieb.

The protest formed as the coronavirus pandemic raged in the city and unrest spread in cities across the US in response to the police killing of George Floyd in Minneapolis, Minnesota.

Protesters were called to action that day by two activist groups who taunted the NYPD with a flyer of a burning cop vehicle and incendiary phrases that encouraged demonstrators to break the 8 p.m. curfew that had been imposed in the city in the days prior.

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The city will pay out up to $6 million to protestors who were beaten and unlawfully arrested by NYPD officers during a 2020 demonstration in the Bronx.
The city will pay out up to $6 million to protestors who were beaten and unlawfully arrested by NYPD officers during a 2020 demonstration in the Bronx.
Stephen Yang
A man raising his fist at police officers during before the clash.
A man raising his fist at police officers during before the clash.
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Cops taking a woman away in handcuffs from the protest.
Cops taking a woman away in handcuffs from the protest.
Stefan Jeremiah
A police officer on top of a car during the protest.
A police officer on top of a car during the protest.
Stephen Yang
The proposed settlement will need to be approved by a federal judge.
The proposed settlement will need to be approved by a federal judge.
Stephen Yang
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Police confined the more than 300 protesters that day and waited until about 10 minutes after 8 p.m. to charge at and arrest the demonstrators. 

The protesters were cuffed with zip ties, battered with police batons and pepper-sprayed, according to the suit. 

“The New York City police blocked people from leaving before the curfew and then used the curfew as an excuse to beat, abuse, and arrest people who were protesting peacefully,” Ida Sawyer, acting crisis and conflict director at Human Rights Watch, who co-authored a report about the incident, said months after the protest

“It was a planned operation with no justification that could cost New York taxpayers millions of dollars,” Sawyer added. 

At the time, then-NYPD Commissioner Dermot Shea defended the tactics, saying they were “executed nearly flawlessly.”

He also said cops confiscated hammers, lighter fluid, gas masks and fireworks from people arrested while going to the demonstration.

A poster for the Bronx poster featuring a burning police car.
A poster for the Bronx poster featuring a burning police car.
Take Back The Bronx / Instagram

“In this particular incident, we had information regarding the intent to destroy property, injure cops and to cause mayhem,” Shea said at a press briefing at the time. 

“This wasn’t again about protests, this was about tearing down society.”

Then-Mayor Bill de Blasio largely defended the tactics of the cops after outrage over the kettling grew in the months following the incident — but said the NYPD was wrong for arresting legal observers. 

“Two-and-a-half years after the protests of 2020, much of the NYPD’s policies and training for policing large-scale demonstrations have been re-envisioned based on the findings of the department’s own, self-initiated analyses and on the recommendations from three outside agencies who carefully investigated that period,” the NYPD said in a statement. 

Then-Mayor Bill de Blasio largely defended the tactics of the cops after outrage over the kettling grew in the months following the incident — but said the NYPD was wrong for arresting legal observers. 

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The Mott Haven protest was over the death of George Floyd in Minneapolis police custody.
The Mott Haven protest was over the death of George Floyd in Minneapolis police custody.
Stephen Yang
Arrested protestors lined up in police custody.
Arrested protesters lined up in police custody.
Stephen Yang
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The city will pay $21,500 to over 300 protestors as part of the settlement.
The city will pay $21,500 to over 300 protesters as part of the settlement.
Stephen Yang
An NYPD cop with a group of the arrested protestors.
An NYPD cop with a group of the arrested protesters.
Stephen Yang
A police officer swinging a club at a protestor in the Bronx on June 4, 2020.
A police officer swinging a club at a protester in the Bronx on June 4, 2020.
Stephen Yang
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Police putting arrested protesters in a van.
Police putting arrested protesters in a van.
Stefan Jeremiah
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On Wednesday, a Bronx cop said he was “mystified” by news of the proposed settlement agreement. 

“Kettling? That’s what we do. It’s not like they do it because these guys are model citizens. They’re doing it because they’re committing crimes or not following orders,” the officer said. “One or two of them might have been swept in there just because of wrong place, wrong time. But people were looting stores and causing mayhem at some of these protests.”

Joseph Giacalone, a retired NYPD sergeant and now a professor at John Jay College, said the courts have made it “almost impossible to deal with large-scale civil unrest” by allowing such lawsuits to proceed.

“I think you’re going to see the cops take a step back instead of getting involved with this stuff, unless it’s their physical wellbeing or the person next to them is in danger. If not, you’re only going to be part of a lawsuit or whatever they’re going to do,” he said.

The city Law Department referred The Post to the NYPD when asked for comment on the settlement agreement. 

“Two-and-a-half years after the protests of 2020, much of the NYPD’s policies and training for policing large-scale demonstrations have been re-envisioned based on the findings of the department’s own, self-initiated analyses and on the recommendations from three outside agencies who carefully investigated that period,” the NYPD said in a statement. 

“The NYPD remains committed to continually improving its practices in every way possible,” the department added.

https://nypost.com/2023/03/01/nyc-to-pay-up-to-6m-to-protesters-penned-beaten-by-cops-in-the-bronx/

Wednesday, March 1, 2023

Ray Dalio-founded hedge fund Bridgewater to cut 100 jobs in push to develop AI

 Bridgewater Associates, the hedge fund founded by billionaire Ray Dalio, will slash jobs as part of a firm-wide restructuring to expand its international footprint and develop AI technologies, the company said Wednesday.

The job cuts are expected to affect about 100 employees from the hedge fund’s total workforce of roughly 1,300, according to a Bloomberg News report citing an interview with the firm’s co-CEO.

“To pursue this path, going on offense while also managing constraints requires us to cut costs, free up resources and restructure,” Bridgewater said.

Several financial firms have cut jobs in recent months, including major Wall Street banks and asset managers, amid a turbulent macroeconomic environment and decades-high inflation that have together crimped profits and pushed up expenses.

Bridgewater did not immediately respond to a Reuters request for additional comment on the number of affected jobs.Bridgewater founder Ray Dalio

Ray Dalio built Bridgewater Associates into one of the world’s biggest hedge funds.
AP
Dalio, who built Bridgewater Associates into one of the world’s biggest hedge funds, handed over control of the $150 billion firm last October.

https://nypost.com/2023/03/01/ray-dalio-founded-hedge-fund-bridgewater-to-cut-100-jobs-develop-ai-report/