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.

http://www.institutionalinvestor.com/article/3599304/asset-management-hedge-funds-and-alternatives/leon-coopermans-other-legal-scuffle.html#.WB_sC-ErK5w

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s