LINN: Leon Cooperman vs. Hedgeye Risk Management
I've been following the series of articles and letters-to-the-editor in Barron's about LINN's purported lack of transparency and resulting misleading of investors in financial disclosures.
The Barron's reporting is largely based on analysis by Hedgeye. Cooperman owns an interest in LINN (or it's proxy LinnCo) and has jumped into the fray by responding to the Barron's coverage through a letter-to-the-editor. Hedgeye has been defending its analysis, most recently by posting on its website an annotated commentary of Cooperman's published critique of Hedgeye's analysis, which can be found at this link:
Forbes.com has published an article today about the controversy, reporting that LINN has revealed that it is under investigation by the SEC over the issues:
Disclosure: I do not own any interest in LINN or its affiliates. I am following this controversy out of curiosity and also to learn more about the nature of financial reporting by companies.