Ex-NYSE Manager Drops Suit Claiming Firing Over ‘Daily Show’

Updated on
  • Todd Wilemon says mock news interview led to termination
  • Ex-manager doesn't give reason for dismissing lawsuit

A former NYSE managing director who said he was wrongly fired for participating in a mock news interview on “The Daily Show” dismissed his lawsuit against Intercontinental Exchange Inc., which runs the New York exchange.

Todd Wilemon, who worked in the NYSE’s San Francisco office, said he and his friends thought that the segment with Daily Show correspondent Aasif Mandvi was “hilarious.” In it, he and Mandvi had a discussion about problems with the U.S. health care system and the Daily Show edited it for comic effect.

Eight days later, an NYSE manager in New York fired Wilemon during a conference call, saying he had lost credibility as a result of the interview, Wilemon said in his complaint filed in March in San Francisco state court.

Wilemon asked on Monday to have the case dismissed, without giving a reason.
His lawyer, Richard Levine, didn’t respond to a phone message after regular business hours seeking comment on the filing.

Brookly McLaughlin, an Intercontinental Exchange spokeswoman, declined to comment on Monday’s filing.

The case is Wilemon v. Intercontinental Exchange Inc., 15-544667, San Francisco Superior Court.

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