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FTC asks judge to hold 'pharma bro' Martin Shkreli in contempt of court for forming new drug firm - TL;DR CNBC

FTC asks judge to hold 'pharma bro' Martin Shkreli in contempt of court for forming new drug firm

Publishing timestamp: 2023-01-20 13:29:49


Summary

The Federal Trade Commission has asked a judge to hold Martin Shkreli in contempt for forming a new drug company in violation of a judge's ban on him from working in the pharmaceuticals industry. Shkreli was previously convicted of securities fraud and had his post-trial release bond voided for offering a cash bounty for samples of Hillary Clinton's hair. The FTC is investigating whether his involvement with the new company violates the court's order.


Sentiment: NEGATIVE

Tickers: FTCI,  TVTX, 

Keywords: crime,  breaking news: business,  politics,  biotech and pharmaceuticals,  business news,  travere therapeutics inc,  pharmaceuticals,  martin shkreli,  breaking news: politics,  laws,  business,  health care industry,  collusion,  ftc solar inc, 

Source: https://www.cnbc.com/2023/01/20/ftc-asks-judge-to-hold-martin-shkreli-in-contempt-of-court-for-forming-new-drug-firm.html


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