Tags: Cooperman | Omega | hedge fund | subpoena

Cooperman's Omega Hedge Fund Receives Federal Subpoena

Thursday, 26 March 2015 10:23 AM

Leon Cooperman, founder of hedge fund Omega Advisors, told clients that his firm received a subpoena from the U.S. Attorney’s Office in New Jersey and the U.S. Securities and Exchange Commission, seeking information on trading in certain securities.

“These inquiries are very early stage, and no one at Omega has been accused of any wrongdoing,” Cooperman, 71, said in a letter to investors dated March 24. He said Omega is cooperating with both agencies and “is highly confident that it and its employees have at all times acted properly and lawfully.”

Cooperman declined to comment on the letter when contacted by Bloomberg. Matthew Reilly, a spokesman for Paul Fishman, the U.S. attorney in New Jersey, didn’t immediately return a call seeking comment. Florence Harmon, an SEC spokeswoman, declined to comment.

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Leon Cooperman, founder of hedge fund Omega Advisors, told clients that his firm received a subpoena from the U.S. Attorney's Office in New Jersey and the U.S. Securities and Exchange Commission, seeking information on trading in certain securities.
Cooperman, Omega, hedge fund, subpoena
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2015-23-26
Thursday, 26 March 2015 10:23 AM
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