Why Leon Cooperman Settled With the SEC


May.19 -- Billionaire hedge fund manager Leon Cooperman described his battle against the SEC as a fight for his legacy, saying he had refused settlement offers because he did nothing wrong. It turns out there was a price he was willing to pay to put an end to the agency‘s insider-trading allegations: $4.9 million, along with no impact on his ability to keep running his hedge fund. Bloomberg's Matt Robinson has more on "Bloomberg Markets."