Shkreli ordered to return $64M, is barred from drug industry

U.S. District Judge Denise Cote's ruling came several weeks after a seven-day bench trial in December that featured recordings of conversations that Cote said showed Shkreli continuing to exert control over the company, Vyera Pharmaceuticals LLC, from behind bars and discussing ways to thwart generic versions of its lucrative drug, Daraprim.

“`Envy, greed, lust, and hate,' don't just `separate,' but they obviously motivated Mr. Shkreli and his partner to illegally jack up the price of a life-saving drug as Americans' lives hung in the balance,” New York Attorney General Letitia James said, peppering the written statement with references to the Wu-Tang Clan, whose one-of-a-kind album Shkreli had to fork over to satisfy court debt.Messages seeking comment were left with Shkreli's lawyers.

But the move sparked outrage from the medical community to Congress and was a rare source of bipartisan agreement on the 2016 presidential campaign trail, where Democrat Hillary Clinton called it price-gouging and future President Donald Trump, a Republican, called Shkreli “a spoiled brat.” The FTC and seven states - New York, California, Illinois, North Carolina, Ohio, Pennsylvania and Virginia - alleged in their case that Vyera hiked the price of Daraprim and illegally created “a web of anticompetitive restrictions” to prevent other companies from creating cheaper generic versions. Among other things, they alleged, Vyera blocked access to a key ingredient for the medication and to data the companies would want to evaluate the drug's market potential.

The trial record included evidence showing Shkreli kept in regular contact with company executives, even after he went to prison. A spreadsheet kept by one executive showed more than 1,500 contacts with Shkreli between December 2019 and July 2020.

Another 'human' that can go get effed

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Food industry requests emergency access to temporary foreign workers amid labour woesCanadian food processors hard-hit by labour shortages are asking the federal government for emergency access to more temporary foreign workers. Lazy Canada They need the rapid training programs - there are lots of people looking for work but not trained - job site co-op can help train them in days on the job training
Source: CTVNews - 🏆 1. / 99 Read more »

Canadian truckers already en route should get reprieve amid vaccine mandate confusion: industry leaderIndustry experts are expressing concerns that confusion on the new COVID-19 vaccine mandate for truckers may leave some unvaccinated drivers, who were under the assumption they would be exempt, stuck if they are already en route. just run the border guys. they don't have the gear to stop you all
Source: CTVNews - 🏆 1. / 99 Read more »