Hunton Atty's Alleged Stock Tip Sparks Criminal Probe

Law360, New York (February 19, 2014, 5:15 PM EST) -- A U.S. Securities and Exchange Commission case alleging two men traded on inside information supplied by Hunton & Williams LLP drug patent attorney Robert Schulman has spurred a criminal investigation, federal prosecutors revealed Tuesday.

Loretta E. Lynch, the U.S. attorney in Brooklyn, filed a motion urging a Florida federal judge to stay the SEC's suit against Tibor Klein and Michael Shechtman "due to the pendency of a related, ongoing criminal investigation in the Eastern District of New York."

According to the SEC’s Sept. 20 complaint, Schulman,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.