New York A federal judge ruled Friday former pharmaceutical executive Martin Shkreli should be barred"for life" from participating in the pharmaceutical industry and ordered him to pay nearly $65 million in fines to seven states.
The decision by US District Judge Denise Cote Friday was part of a civil case brought by the Federal Trade Commission, and attorneys general for New York, California, Ohio, Pennsylvania, Illinois, North Carolina and Virginia in 2020, who alleged Shkreli violated federal and state laws that ban anticompetitive conduct. A week-long trial took place in December, which Shkreli opted not to attend, according to the ruling.
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:
Does he not read like an unhinged person?
Yet Manchin's daughter gets away with profiteering off the epi-pen. Go figure........
I Thought they were untouchable!!!
Wow!! They must really dislike him
tullman Yo Bro!
Martin Shkreil thought 'greed was good.' 1 of the 7 deadliest sins overruled his better judgment. He did not adher to the sacred hymn that says 'Yield not to temptation, for yielding is sin. Each victory will help u, some other to win' We're in a constant battle w our demons!
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Pharma Bro' Martin Shkreli banned from pharmaceutical industry for life, ordered to pay $64.6MA federal judge has ordered Martin Shkreli to return $64.6 million in profits he and his company reaped from inflating the price of the life-saving drug Daraprim and barred him from participating in the pharmaceutical industry for the rest of his life.
Source: FOX4 - 🏆 289. / 63 Read more »
'Pharma Bro' Martin Shkreli banned from drug industry for life, ordered to pay nearly $65MMartin Shkreli, the so-called “Pharma Bro” known for jacking up medicine prices, has been banned from the pharmaceutical industry for life and ordered to pay almost $65 million, according to New York’s top prosecutor.
Source: FoxBusiness - 🏆 458. / 53 Read more »
'Pharma bro no more': Martin Shkreli banned from pharmaceutical business for lifeDisgraced drug company executive Martin Shkreli, derided as the “Pharma Bro,” has been banned from ever doing business again in the pharmaceutical business. He's also got a grin on his face. He's the real Joker. And evil. Just like Congress and The Senate should be banned from buying stocks. After millions and millions and millions
Source: NBCNews - 🏆 10. / 86 Read more »
U.S. judge bars Martin Shkreli from drug industry, orders $64.6 million paymentWASHINGTON (Reuters) -A U.S. judge on Friday barred Martin Shkreli from the pharmaceutical industry for life and ordered him to pay $64.6 million after he famously raised the price of Daraprim and fought to block generic competitors. U.S. District Judge Denise Cote in Manhattan ruled after a trial where the U.S. Federal Trade Commission and seven states had accused Shkreli, the founder of Vyera Pharmaceuticals, of using illegal tactics to keep Daraprim rivals out of the market. Shkreli drew notoriety in 2015 after hiking Daraprim's price overnight to $750 per tablet from $17.50. So we can bar a private citizen from a private industry for the damage he caused to it and the people his decisions negatively affected but we cant bar a private citizen from public office for attempting to overthrow the government
Source: YahooNews - 🏆 380. / 59 Read more »