Hedge fund manager Lee Cooperman has settled with the government
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Thomson Reuters
FILE PHOTO: Leon G. Cooperman, CEO of Omega Advisors, Inc., speaks on a panel at the annual Skybridge Alternatives Conference (SALT) in Las Vegas
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Last year, Cooperman, the founder of Omega Advisors, was charged with insider trading. He had said that he intended to fight the charges.
Under the settlement, Cooperman is neither admitting nor denying wrongdoing, and will not be banned from managing money, the FT reported.
In an email to Business Insider, Cooperman declined to comment on the settlement.
The SEC didn't immediately respond to a request for comment.
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