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

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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.

 

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