Since no one has provided a magic solution, I will add what I was able to find out:
There are several listings for the stand-only for that exact display on US eBay. Some of these show pictures of the leg alone or the leg with hinge attached. I am not suggesting you BUY, I am suggesting you look at as many pictures as you can find, to understand that leg better.
The solid aluminum leg itself is screwed to the hinge assembly with six or eight screws across its width. It is not clear whether those screws can be reached from up under the leg from outside the case.
Less useful:
There's also a tear-down of this display on a fixit site (direct links to which are often removed from here, because they can be dangerous for novice repairers). Careful examination of the pictures shows that the hinge mechanism appears to be screwed to the case from the inside, with three screws on each side spaced over a wide area up and down the case adjacent to the leg entry point.
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So if your leg will not move away from the body of the enclosure, the hinge is likely messed up, and may need to be completely disassembled and repaired/replaced. The procedure for opening starts with using suction cups to remove the display assembly. Not my idea of a good time.
If instead, the problem is the leg moves, but the display will not stand up straight, the problem is likely that the solid aluminum leg is physically bent. The solution for that problem is to bend the leg back until the unit stands up straight by itself.