Martin Shkreli: I'm not in contempt over drug industry ban

  • 📰 Reuters
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Martin Shkreli on Friday urged a U.S. judge not to hold him in civil contempt for failing to provide federal and state regulators with information to determine whether he is violating a lifetime ban from working in the pharmaceutical industry.

In a filing in Manhattan federal court, Shkreli said he has complied with the February 2022 ban "as extensively as possible and in good faith," and has provided the materials sought by the Federal Trade Commission and seven states.

The ban also included a $64.6 million civil fine, which Shkreli said he is "so far unable" to pay. He said he intended to comply fully with the ban and provide requested information.Shkreli last month of failing to provide information about Druglike Inc, a company it said he formed last July. In Friday's filing, Shkreli said he never had an ownership stake or executive role at Druglike, which he believed has been dissolved, and that he hoped to raise money for its successor DL Software, which he co-founded.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Still hearing about this bag of manure, who belongs in prison.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines