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10/08/2024

SCOTUS Rejects Appeal from ‘Pharma Bro’ Martin Shkreli

The justices did not explain their reasoning

On Monday, the Supreme Court of the United States (SCOTUS) rejected an appeal from Martin Shkreli, who was once dubbed "Pharma Bro" after jacking up the price of a lifesaving drug.

Shkreli appealed an order to return $64.6 million in profits he and his former company reaped after monopolizing the market for the medication and drastically increasing its price. His lawyers argued that the money went to his company rather than him personally.

The justices did not explain their reasoning, as is typical, and there were no noted dissents.

Please select this link to read the complete article from The Associated Press.

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