Martin Shkreli appears before the House Committee on Oversight and Government Reform during a hearing titled "Developments in the Prescription Drug Market," on Feb. 4, 2016. Photo by Diego M. Radzinschi/ALM Shkreli, Vyera Drop Jury Demands in FTC Suit, as States Agree to Forego Forfeiture, Damages
In a joint stipulation filed late Tuesday, the states and Morgan, Lewis & Bockius attorneys representing Shkreli's former firm said they had struck a deal to remove the possibility of money damages. The defendants, meanwhile, agreed not to take the dispute to a civil jury in Manhattan, a move that could expedite the litigation and streamline issues for a federal judge.
March 31, 2021 at 02:52 PM
3 minute read
Martin Shkreli, the disgraced former hedge fund manager and convicted felon, has agreed to drop his demands for a jury trial in a civil lawsuit seeking his lifetime ban from the pharmaceutical industry, in exchange for assurances from the attorneys general of seven states that they would not seek civil penalties or forfeiture in a case stemming from the dramatic price hike of a lifesaving drug.
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