The Case for Leon Cooperman

With his legacy and reputation after 50 years on Wall Street at stake, many lawyers believe the industry titan has a very strong case.

Leon Cooperman, chief executive officer of Omega Advisors Inc. (Scott Eells/Bloomberg).

When Leon Cooperman’s New York hedge fund firm, Omega Advisors, bought a stake in alternative-investment firm Resource America in 2002, the manager could not have known the investment would eventually play a major role in defining his legacy.

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