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Freeman [soylentnews.org] writes:

https://arstechnica.com/tech-policy/2024/10/scotus-denial-ends-saga-of-shkrelis-infamous-5000-drug-price-scheme/ [arstechnica.com]

The legal saga over Martin Shkreli's infamous 5,000 percent price hike of a life-saving anti-parasitic drug has ended with a flat denial from the highest court in the land.

On Monday, the Supreme Court rejected Shkreli's petition to appeal an order to return $64.6 million in profits from the pricing scheme of Daraprim, a decades-old drug used to treat toxoplasmosis. The condition is caused by a single-celled parasite that can be deadly for newborns and people with compromised immune systems, such as people who have HIV, cancer, or an organ transplant.
[...]
In a lawsuit filed in 2021, the Federal Trade Commission and seven state attorneys general accused Shkreli of building a "web of anticompetitive restrictions to box out the competition." In January of 2022, US District Court Judge Denise Cote agreed, finding that Shkreli's conduct was "egregious, deliberate, repetitive, long-running, and ultimately dangerous [ftc.gov]."

Cotes banned Shkreli from the pharmaceutical industry for life and found him liable for $64.6 million in disgorgement. In January 2024, an appeals court upheld Cote's ruling [ftc.gov].
[...]
Shkreli's lawyer filed a petition [supremecourt.gov] with the Supreme Court arguing that the ill-gotten profits from Daraprim's price hike went to corporate entities, not Shkreli personally, and that federal courts had issued conflicting rulings on disgorgement liabilities.

In a list of orders today [supremecourt.gov], the Supreme Court announced it denied Shkreli's petition to hear his appeal. The justices offered no explanation and no dissents were noted [supremecourt.gov].

The denial is Shkreli's second rejection from the Supreme Court [supremecourt.gov].

Previously on SoylentNews: SoylentNews Stories on Shkreli (Search Link) [soylentnews.org]
Infamous Pharma Company Founded by Shkreli Files for Bankruptcy, Blames Shkreli [soylentnews.org] - 20230514
Shkreli Released From Prison to Halfway House After Serving - 20220522 [soylentnews.org]
Judge Denies Shkreli's “Delusional Self-Aggrandizing” Plea to Get Out of Jail [soylentnews.org] - 20200519
Sobbing Martin Shkreli Sentenced to 7 Years in Prison for Defrauding Investors [soylentnews.org] - 20180310
FBI Arrests Shkreli of the Drug Price Hike Fame [soylentnews.org] - 20151217 (That didn't take him long.)
Cost of Daraprim Medication Raised by Over 50 Times [soylentnews.org] - 20150922

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