Criminal Justice

Indicted BigLaw lawyer will vacation in Cancun; his firms launch internal probes

  • Print.

The Kaye Scholer partner accused of conspiring in a drug company CEO’s securities fraud scheme will be in Cancun for the holidays.

U.S. District Judge Kiyo Matsumoto this week granted permission for 42-year-old lawyer Evan Greebel to travel to Cancun with his wife, three young children and other family members, report the New York Daily News, USA Today, Bloomberg News, the Am Law Daily (sub. req.) and Slatest, which posts the travel request by Greebel’s lawyers.

Greebel is accused of conspiring with drug company CEO Martin Shkreli to commit securities fraud. The conduct allegedly occurred when the lawyer represented Shkreli’s company, Retrophin, while at Katten Muchin Rosenman. Shkreli is accused of using Retrophin funds to pay investors in Shkreli’s hedge funds.

Retrophin may be required to advance legal fees for Shkreli and Greebel because of its corporate bylaws, according to the New York Times DealBook blog.

Greebel took the lead in Retrophin’s initial public offering last year, according to the Am Law Daily. Retrophin ousted Shkreli in October 2014, and Katten Muchin ceased representing the company at that time.

Shkreli was in the news when he raised the price of a life-saving drug from $13.50 to $750 per pill when he was at his new company, Turing Pharmaceuticals.

Both Kaye Scholer and Katten Muchin have launched internal probes into Greebel’s conduct, the Am Law Daily says. Greebel joined Kaye Scholer in July, and he remains with the firm though his biography is no longer on the firm’s website.

Fourth paragraph revised at 1:05 p.m. to state that Retrophin may be required to advance legal fees for Shkreli and Greebel.

Give us feedback, share a story tip or update, or report an error.