Hedge Funds

Omega's Cooperman in courtroom drama


Omega Advisors' Leon Cooperman has served in the role of a government witness in the federal case against former Tyco CEO, Dennis Kozlowski, accused along with ex-Tyco CFO, Mark Swartz, of stealing $600 million from Tyco and then trying to cover their tracks. But attorneys for the defense sought to discredit Cooperman and weaken the credibility of the testimony he offered by claiming that Cooperman himself had been the target of a federal probe in connection with a case where more than a dozen Omega funds had allegedly been defrauded of $182 million by outside financier, Victor Kozeny.