Cooperman Had Long, Often Costly Alliance With Cohen Family
- Two companies Cooperman invested in lost 80 percent of value
- Cohens were paid $137.5 million for running Atlas spinoff
The Case Against Leon Cooperman
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Leon Cooperman, accused Wednesday of buying shares in Atlas Pipeline Partners after obtaining insider information, has been investing with the family that managed the company for more than a decade. It hasn’t always paid off.
Cooperman, 73, and his son Wayne bought stakes in at least five companies controlled or managed by Ed Cohen and his sons Jonathan and Daniel since 2000, including Atlas Resource Partners LP, Atlas Energy Group LLC, Resource America Inc. and Institutional Financial Markets Inc. Some have lost money for investors -- in two cases, more than 80 percent of their value on public exchanges.