Leon Cooperman’s other legal scuffle

Leon Cooperman has the distinction of being the most famous hedge fund manager ever charged with insider trading—putting him in a category that even former SAC Capital honcho Steve Cohen managed to escape. No surprise, Cooperman–notorious for being cheap–also has other legal problems. Cooperman is currently enmeshed in a lawsuit against him and his charitable trust over boardroom shenanigansimg_2265 that, on the face of it, look pretty dodgy. There’s a lot more to be said on the insider trading front,  but for now, take a look at this tale I wrote for Institutional Investor about a group of hedge funds who kicked out two boards and fired their lawyers in an alleged attempt to wrest control of a small company called IPayment.


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