Friday’s decision by US District Judge Denise Cote was part of a civil case brought by the Federal Trade Commission and the attorneys general of New York, California, Ohio, Pennsylvania, Illinois, North Carolina and Virginia in 2020, who they alleged that Shkreli violated federal and state laws. state laws prohibiting anticompetitive conduct. A week-long trial was held in December, which Shkreli chose not to attend, according to the ruling.
CNN has reached out to Shkreli’s attorneys for comment. He is currently serving a prison sentence on unrelated charges at a federal facility in Pennsylvania and is expected to be released in November, according to online records from the Bureau of Prisons.
New York Attorney General Letita James, representing one of the states that will receive fine money, said in a statement that the court’s decision puts corporate executives on notice that her office is prepared to seek personal liability for misconduct. anti-competitive policy that prevents people’s access to affordable medicines. .
“The rich and powerful can’t play by their own set of rules, so it appears that cash doesn’t rule everything related to Mr. Shkreli,” James said in a statement. “New Yorkers can trust that my office will do everything it can to hold those in power accountable, as well as fight to protect their health and their wallets.”