Judge Defers Ruling on Dismissal of Cooperman Insider Trading Case

(Reuters) A U.S. judge on Tuesday held off ruling on whether to throw out a government complaint against billionaire investor Leon Cooperman and his firm, Omega Advisors Inc, after the defendant’s attorneys requested a dismissal, in a case that could set a legal precedent on insider trading.The case’s outcome could affect the way traders across Wall Street go about making investment decisions.

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