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Keyword: denisecote

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  • Judge orders Martin Shkreli to pay $65M for hiking drug price

    01/14/2022 5:52:29 PM PST · by fluorescence · 13 replies
    UPI ^ | Jan. 14, 2022
    Jan. 14 (UPI) -- A federal judge on Friday ordered former pharmaceutical CEO Martin Shkreli to pay $64.6 million for illegally ballooning the price of a drug to treat parasitic diseases. U.S. District Judge Denise Cote of the Southern District of New York also barred Shkreli from the pharmaceutical industry for life. "Banning an individual from an entire industry and limiting his future capacity to make a living in that field is a serious remedy and must be done with care and only if equity demands," she wrote in her ruling. "Shkreli's egregious, deliberate, repetitive, long-running and ultimately dangerous illegal...