Cooperman Insider Trading Settlement

Fighting SEC rather than settling quickly can produce better results

SAM LIEBERMAN, PARTNER, SADIS & GOLDBERG LLP

Leon Cooperman just proved that fighting SEC charges is better than settling quickly, by reaching a favorable SEC insider trading settlement after a fierce Court battle. Cooperman fought his SEC insider trading case in Court, and got part of it thrown out on a motion to dismiss.1 He leveraged that victory into a settlement approved on May 22, 2017, which did not impose any industry bar or suspension, rare for an insider trading settlement. In stark contrast,...

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