{"id":57136,"date":"2017-03-21T09:20:39","date_gmt":"2017-03-21T13:20:39","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=57136"},"modified":"2017-03-21T09:20:39","modified_gmt":"2017-03-21T13:20:39","slug":"omegas-cooperman-loses-bid-to-dismiss-sec-insider-trading-case","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2017\/omegas-cooperman-loses-bid-to-dismiss-sec-insider-trading-case.html","title":{"rendered":"Omega&#8217;s Cooperman Loses Bid to Dismiss SEC Insider Trading Case"},"content":{"rendered":"<p>(Reuters) A federal judge on Monday rejected billionaire hedge fund manager Leon Cooperman&#8217;s bid to dismiss the U.S. Securities and Exchange Commission&#8217;s insider trading case against him and his firm Omega Advisors Inc.<\/p>\n<p>Without ruling on the merits, U.S. District Judge Juan Sanchez in Philadelphia said the SEC &#8220;pleaded a plausible claim&#8221; that Cooperman and Omega reaped about $4.09 million of profit in 2010 by trading illegally in Atlas Pipeline Partners LP, based on tips from an Atlas executive.<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/us-sec-hedgefunds-omega-cooperman-idUSKBN16R2IA\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) A federal judge on Monday rejected billionaire hedge fund manager Leon Cooperman&#8217;s bid to dismiss the U.S. Securities and Exchange Commission&#8217;s insider trading case against him and his firm Omega Advisors Inc. Without ruling on the merits, U.S. District [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-57136","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=57136"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57136\/revisions"}],"predecessor-version":[{"id":57137,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57136\/revisions\/57137"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=57136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=57136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=57136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}