Atlas Energy Group, LLC (fka ATLS)

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SEC charges ATLS illegal insider trading: Atlas Energy Group Stock Plunges 42% (ATLS)

Investopedia
James Garrett Baldwin
September 28, 2016

A brutal sell-off of Atlas Energy Group on Wednesday saw shares fall more than 42%. The sell-off comes a day after the stock rallied more than 19% on news that hedge fund manager Leon Cooperman had purchased 1,277,162 shares. The purchase was disclosed in a Form 4 Filing with the SEC. The stock hit a quarterly high during Tuesday’s trading session. Of course, Atlas Energy Group is at the center of the controversy tied to Cooperman. The Securities Exchange Commission will embark into new terrain on insider trading prosecution as it prepares for a courtroom showdown with Cooperman, the leader of Omega Advisors. The hedge fund manager is facing insider trading charges tied to information he acquired

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