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How Leon Cooperman’s Settlement Can Affect Future SEC Cases

The former Goldman partner’s strategy to hold out for a favorable deal paid off — and could serve as a blueprint for managers in the same situation.

       Leon Cooperman, Omega Advisors (Scott Eells/Bloomberg) When the Securities and Exchange Commission was mulling whether to bring civil insider charges against Leon Cooperman and his hedge fund firm Omega Advisors 18 months ago, the regulator offered to settle with the legendary investor if he agreed to pay a $9 million fine,

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