Feds Seek Deal Time In $3M FDA Chemist Trading Case

Law360, New York (April 21, 2011, 5:14 PM EDT) -- U.S. prosecutors asked a Maryland federal judge on Wednesday to pause an insider trading case against a U.S. Food and Drug Administration chemist for 60 days while they try to work out a resolution with the defendant.

U.S. Attorney Rod J. Rosenstein asked the court for a 60-day continuance under the Speedy Trial Act in the government's criminal case against Cheng Yi Liang, who on March 29 was arrested and hit with a criminal complaint for allegedly using internal information about upcoming drug approval decisions to...
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