The National Enquirer is being investigated for potential crimes mere months after it copped to wrongdoing — but at least one big investor says he’s not worried.
Leon Cooperman — the outspoken hedge fund billionaire who owns stock and bonds in Enquirer publisher American Media Inc. — is downplaying concerns that back-to-back criminal probes into the supermarket tabloid’s wheeling and dealing could put the company under — akin to Gawker.
“It’s all bulls–t,” Cooperman told The Post Friday.
The chairman of Omega Advisors noted that, despite Amazon boss Jeff Bezos’ explosive allegation that the Enquirer tried to extort him with nude photos he sent mistress Lauren Sanchez, there is no evidence that the tabloid tried to extract money or goods from the world’s richest person.
“That’s what they do,” Cooperman said. “They publish stories in the National Enquirer.”
Some legal experts aren’t so sure.
“I think AMI is in a delicate position,” Mark Zauderer, a lawyer with Ganfer, Shore, Leeds & Zauderer, in New York, told The Post.
Now the feds are back in AMI chief David Pecker’s life, poking around about whether executives committed any crimes in violation of a non-prosecution agreement the company signed in September — in which it admitted to paying off an ex-Playboy model claiming an affair with President Trump in violation of campaign finance laws.
“The government could potentially kill the company,” said Timothy Parlatore, founder and managing partner at Parlatore Law. “It can’t put a company in jail but it could hit AMI with crushing monetary penalties that they have to go into bankruptcy,” the lawyer said.
Bezos could also go after AMI with civil litigation — and seek to take it down like Hulk Hogan took down Gawker, experts said.
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Gawker filed for bankruptcy in 2016 after a Florida jury said it should pay wresting legend Hulk Hogan $140 million for posting an online video of him having sex with his then-friend’s wife.
Hogan, whose real name is Terry Bollea, sued the snarky Web site for invasion of privacy. Bezos could do the same, experts said.
”He might make a creative claim that he would not have had to embarrass himself” with information about the racy pics had AMI not threatened him, Zauderer said.
AMI, which also owns celeb magazines “Us” and “OK!,” is a privately held company that relies on newsstand sales for revenue.
The magazine industry has been suffering falling sales over the last few years.
Its biggest investor is hedge fund Chatham Asset Management, which owns about 80 percent of the stock and holds two of the four board seats.
Cooperman holds less than 10 percent of the stock and also owns bonds but does not have a seat on the board.
AMI says it acted legally. Chatham officials did not return calls seeking comment.
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