Leon Cooperman Vows to Fight SEC for His Legacy

Leon Cooperman, head of Omega Advisors, faces SEC insider trading charges. The SEC alleges Cooperman used insider information from Atlas Pipeline Partners in 2010 to profit from stock trades. Cooperman denies wrongdoing, emphasizing his traditional stock-picking approach and rejecting a settlement offer. The case impacts Omega Advisors and reverberates through the hedge fund industry, already under pressure from poor performance and high fees.

Discuss the career background of Leon Cooperman and how it relates to his current situation.

What impact has the SEC's case had on Omega Advisors' performance and investor sentiment?