The Cooperman Insider Trading Case

Eerie similarities to 2004 Mark Cuban case

SAM LIEBERMAN, PARTNER, SADIS & GOLDBERG LLP

The insider trading case against Leon Cooperman is eerily similar to the SEC’s loss to Mark Cuban, by relying on a “he-said, she-said” claim of an oral promise not to trade - but is bolstered by Cooperman asserting his right against self-incrimination during SEC testimony. The gravamen of the case is the same: that Cooperman made an oral agreement not to trade stock based on information from a company executive.1 But because Cooperman “took...

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