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The Federal Commerce Fee on Friday requested that infamous “pharma bro” Martin Shkreli be held in contempt of court docket for forming a brand new drug firm in violation of a choose’s ban on the convicted fraudster from working within the prescription drugs trade.
Shkreli, who was launched from jail final 12 months, in February was banned “for all times from immediately or not directly collaborating in any method within the pharmaceutical trade” because of the FTC’s antitrust lawsuit in opposition to him and a previous drug firm that he based.
That order stemmed from Manhattan federal court docket Decide Denise Cote’s ruling that Shkreli oversaw an unlawful scheme to take care of a monopoly on the life-saving drug Daraprim, which continued at the same time as he noticed in jail for his conviction in an unrelated securities fraud case.
In its court docket submitting Friday, the FTC famous that Shkreli in July introduced the formation of a brand new firm, Druglike, “that seems to be concerned within the drug trade.”
The company stated that motion, in addition to Shkreli’s failure to pay his almost $25 million share of a $64.6 million judgment he owes within the lawsuit, recommend that he's violating the court docket’s orders within the case.
The FTC and a gaggle of states that sued Shkreli stated within the submitting he has didn't adjust to their requests to present them paperwork and undergo an interview as a part of their probe into whether or not his involvement with Druglink violates the February 2022 court docket order banning him from the trade.
“Martin Shkreli’s failure to adjust to the court docket’s order demonstrates a transparent disregard for the legislation,” stated Holly Vedova, director of the FTC’s Bureau of Competitors, in an announcement.
“The FTC is not going to hesitate to deploy the complete scope of its authorities to allow a complete investigation into any potential misconduct,” Vedova stated.
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