FTC calls for Martin Shkreli to be held in contempt of court for forming new drug company

  • 📰 NBCNews
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 86%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The FTC on Friday asked that Martin Shkreli be held in contempt of court for forming a new drug company in violation of a judge’s ban on the convicted fraudster from working in the pharmaceuticals industry.

for forming a new drug company in violation of a judge’s ban on the convicted fraudster from working in the pharmaceuticals industry.last year, in February was banned “for life from directly or indirectly participating in any manner in the pharmaceutical industry” as a result of the FTC’s antitrust lawsuit against him and a prior drug company that he founded.

In its court filing Friday, the FTC noted that Shkreli in July announced the formation of a new company, Druglike, “that appears to be involved in the drug industry.” The FTC and a group of states that sued Shkreli said in the filing he has failed to comply with their requests to give them documents and submit to an interview as part of their probe into whether his involvement with Druglink violates the February 2022 court order banning him from the industry.

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:

 /  🏆 10. in SG
 

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

Everyone knew he wasn’t going to comply.

Isn't He the guy that invented Canned Elbow Grease

Pfizer and johnson and johnson dont want the competition

Singapore Singapore Latest News, Singapore Singapore Headlines

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

U.S. asks judge to hold Shkreli in contempt for allegedly flouting pharma industry banA judge had imposed a lifetime ban on working in the drug industry last year. I always thought Trump would pardon him and he would go work with him🤷‍♀️ Hold on, he's not rotting in jail for eternity?
Source: Reuters - 🏆 2. / 97 Read more »

FTC Urged to Crack Down on Egg Industry's 'Organized Theft'As U.S. egg producers rake in record profits amid soaring prices, a farmer-led advocacy group focused on building a just and sustainable food system on Thursday implored the Federal Trade Commission to 'promptly open an investigation into the egg industry, prosecute any violations of the antitrust l FarmActionUS So very true FarmActionUS Dude what?! $7?!
Source: commondreams - 🏆 530. / 51 Read more »