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Appeals court upholds ‘pharma bro’ Martin Shkreli lifetime ban from drug industry
Martin Shkreli serviced a criminal sentence for securities fraud related to a pharmaceuticals company he founded
Circuit Court of Appeals came two years after a New York federal judge slapped the ban on Shkreli for the monopolistic behavior of his then-drug company in the distribution of its medication Daraprim. The Federal Trade Commission and seven states, among them New York and California, had sued Shkreli in the case, which alleged violations of antitrust laws in his company preventing generic drug makers from getting access to Daraprim that they needed to conduct testing on. Circuit Court of Appeals came two years after a federal judge slapped the ban on Shkreli for the monopolistic behavior of his then-drug company in selling the medication Daraprim.
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