Supreme Court rejects appeal from ‘Pharma Bro’ Martin Shkreli
WASHINGTON (AP) — The Supreme Court on Monday rejected an appeal from Martin Shkreli, who was once dubbed “Pharma Bro” afterjacking up the price of a lifesaving drug. Shkreli appealed an order to return $64.6 million in profits he and his former company reaped after monopolizing the market for the medication and drastically increasing its price. His lawyers argued that the money went to his company rather than him personally. Prosecutors, though, said the company had agreed in a settlement to pay $40 million, and because Shkreli masterminded the scheme he should bear responsibility for repaying profits. Shkreli was also ordered to forfeit the Wu-Tang Clan’s “Once Upon a Time in Shaolin,” the unreleased work that has been called the world’s rarest musical album. The multiplatinum hip-hop group put a single copy of the album up for auction in 2015, on the condition that it not be put to commercial use. Shkreli was convicted of lying to investors and cheating them out of millions of dollars in two failed hedge funds…
Supreme Court rejects appeal from ‘Pharma Bro’ Martin Shkreli
The Supreme Court on Monday rejected an appeal from Martin Shkreli, who was once dubbed “Pharma Bro” after jacking up the price of a lifesaving drug.
US Supreme Court rejects appeal from 'Pharma Bro' Martin Shkreli
Shkreli was also ordered to forfeit the Wu-Tang Clan’s Once Upon a Time in Shaolin, the unreleased work that has been called the world’s rarest musical album.
Supreme Court rejects Martin Shkreli fine appeal
Martin Shkreli in 2022 was banned from the pharmaceutical industry and ordered to disgorge profits earned from raising the price of the drug Daraprim.
last updated on 7 Oct 17:21