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Insider Indictments At Cooper


In Business This Week

INSIDER INDICTMENTS AT COOPER

Four years ago, Gary Singer and his family helped take over Cooper Cos., a New York contact-lens maker, claiming that management was milking the company. But on Nov. 10, Singer and the company got indicted on insider-trading charges. Singer, 37, who resigned as co-chairman last summer when the federal probe began, allegedly bribed a Boston mutual-fund analyst to get advance word of the fund's junk-bond purchases. Then, using family and Cooper money, Singer bought the bonds, turning a $3 million profit, prosecutors say. The company and Singer deny any wrongdoing.EDITED BY JOAN WARNER


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