Friday’s decision by U.S. District Judge Dennis Cote was part of a civil case brought by the Federal Trade Commission and attorneys general for New York, California, Ohio, Pennsylvania, Illinois, North Carolina and Virginia in 2020, who allege Shkreli violated federal and state laws prohibiting anticompetitive behavior. A week-long trial took place in December, and Shkreli chose not to attend, according to the ruling.
CNN has reached out to Shkreli’s attorney 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 Bureau of Prisons online records.
New York Attorney General Letita James, who represents one of the states that will receive money from the fine, said in a statement that the court’s decision puts corporate executives on notice that her office is willing to seek personal accountability for anti-competitive behavior that hinders people’s access to affordable drugs. .
“The rich and powerful don’t play by their own set of rules, so it seems money doesn’t rule everything around Mr. Shkreli,” James said in a statement. “New Yorkers can trust that my office will do everything in its power to hold the powerful to account, as well as fight to protect their health and their financial wallets.”