(NEW YORK) -- Martin Shkreli, who was derided with the nickname "Pharma Bro" after he hiked the price of a lifesaving drug, and who flaunted his pricey purchase of a one-of-a-kind Wu Tang Clan album, is out of prison, his lawyer said Wednesday. Shkreli had... Read More.
(NEW YORK) -- Television personality Dr. Mehmet Oz, who is running for the U.S. Senate in Pennsylvania, has a considerable financial stake in major pharmaceutical firms and Silicon Valley giants, newly released records show -- despite railing against "Big Pharma" and "Big Tech" on... Read More.
(NEW YORK) -- Martin Shkreli became infamous, and earned the nickname "Pharma Bro," after he hiked the price of a potentially lifesaving antiparasitic medication in 2015. On Friday, a federal judge ruled he should pay $64 million for his actions. The judge said Shkreli should... Read More.
(NEW YORK) -- The sole copy of Wu-Tang Clan’s “Once Upon a Time in Shaolin,” owned by one-time hedge fund manager Martin Shkreli until he forfeited it following his securities fraud conviction, has been sold, federal prosecutors in Brooklyn, New York, said Tuesday. The terms... Read More.
(WASHINGTON) — The Justice Department said Monday it has "fundamental concerns" with Purdue Pharma’s plan to exit Chapter 11 bankruptcy protection. Purdue filed for Chapter 11 protection in 2019 as it faced thousands of lawsuits across the country over its aggressive marketing of OxyContin and... Read More.
(NEW YORK) -- A controversial bankruptcy plan involving OxyContin maker Purdue Pharma, which would shield the Sackler family from litigation tied to the opioid crisis, moved forward Thursday. A federal bankruptcy court judge in White Plains, New York, allowed Purdue to begin soliciting support for... Read More.