The Supreme Court affirmed the order for Martin Shkreli to pay $64.6 million in profits stemming from his pharmaceutical company's price-gouging of a lifesaving drug.
New York Attorney General Letitia James praised the ruling, which supports stringent anti-fraud laws, stating that it protects New Yorkers from those who misuse power for financial gain.
Shkreli's attorney expressed disappointment but noted a potential future Supreme Court decision might modify the transaction penalty if it deems Shkreli did not personally receive profits.
In addition to financial penalties, Shkreli faces a lifetime ban from the pharmaceutical industry and has been ordered to forfeit the Wu-Tang Clan's rare album.
Collection
[
|
...
]