Cooperman Hits Back at the SEC: ‘I Won’t Let Them Destroy My Legacy’

L. Cooperman is too old to deal with this shit and he’s not going to let the attorneys, from the very worst law schools in America, at the SEC destroy what has taken him five decades to build. He states that he could’ve easily settled the case for a pittance, but opted not to be extorted because he did nothing wrong. Moreover, if you’re a client of Leon, he’d like to remind you that he doesn’t need your fucking money and will gladly return it if his job becomes burdensome because of the fuckheads at the SEC.

“It took me 50 years of hard work and playing by the rules to get where I got and I’m not going to let these people destroy my legacy,” Cooperman said on a conference call Wednesday with the firm’s clients. “We could have settled this matter with the SEC for an amount which is far less than what I donate to charity every year, but I refuse to do so because of my belief that we acted appropriately and lawfully.”

“If we conclude this is a distraction, such a distraction, and we can’t do the job, we’re going to voluntarily give you back your money,” he said. “We’re not going to wait for you to ask for your money back. The portfolio is liquid. We like what we own. We have no need for any forced selling.”

Here is the full letter.