Supreme Court rejects Martin Shkreli fine appeal

by thinkia.org.in
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Former drug company executive Martin Shkreli and his lead attorney Benjamin Brafman arrive at U.S. District Court for the fourth day of jury deliberations in his securities fraud trial in the Brooklyn borough of New York City, U.S., August 3, 2017. 

Amr Alfiky | Reuters

The Supreme Court on Monday rejected a bid by notorious ‘pharma bro’ Martin Shkreli to hear his appeal of a $64 million financial penalty on the fraudster for blocking competition to a life-saving drug whose price he had raised by more than $700 per pill.

Shkreli’s request that the Supreme Court take his appeal of federal court decision was his last chance to overturn that penalty, which was related to the drug Daraprim.

The Supreme Court in rejecting that request did not explain its reason for doing so. There were no noted dissents by any justice to the decision.

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