Tag: federal-court
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Shkreli plans to remain silent at congressional hearing: letter
Former drug executive Martin Shkreli plans to assert his right against self-incrimination and remain silent if he is forced to appear at a congressional hearing in Washington next week about drug prices, according to a letter seen by Reuters. Shkreli's lawyer informed the U.S. House Committee on Oversight and Government Reform of his intent not…
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Targeted school closures might help fight pandemic flu
By Lisa Rapaport In the event of another influenza pandemic, closing select schools or even just certain classrooms might limit social costs while slowing down spread of the disease more effectively than a nationwide shutdown, a new study estimates. Out of all the options explored, a nationwide school shutdown appeared to be the least effective…
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Sierra Leone has 2nd Ebola case after epidemic believed over
FREETOWN, Sierra Leone (AP) — A second case of Ebola emerged in Sierra Leone after health officials thought the epidemic was over, with a close relative of the first victim testing positive for the virus that has killed more than 11,000 people, authorities said Thursday.
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Investors sue company rescued by Shkreli for return of $5 million
Investors who backed a biotechnology company led by executive Martin Shkreli are suing to get back the $5.4 million they had invested just hours before his arrest, according to court papers. Shkreli took control of KaloBios Pharmaceuticals Inc in November, saving the company from closing down. As part of Shkreli's rescue, the company reached a…
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Martin Shkreli says securities fraud charges are ‘baseless’
By Frank McGurty NEW YORK (Reuters) – Martin Shkreli, the pharmaceuticals entrepreneur vilified for jacking up the price of a life-saving AIDS drug, said on Saturday that unrelated securities fraud allegations that resulted in his arrest this week were “baseless and without merit.” Federal prosecutors have alleged that Shkreli was running a Ponzi-like scheme at…
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New York drug bust nets 136 pounds of cocaine worth estimated $3 million
Mark Soto and Xavier Herbert-Gumbs, face felony drug possession charges after authorities said they found a total of 136 pounds (61.7 kg) of cocaine in their vehicles in the Bronx, according to a statement by the Office of the Special Narcotics Prosecutor in New York. “This is the largest cocaine seizure that our office has…
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Nurofen to be pulled in Australia over misleading claims
Nurofen feels pain in Australia over misleading claimsdrug giant Reckitt Benckiser was Monday ordered to pull some of its popular Nurofen painkiller brands off shelves in Australia after a court ruled they made misleading claims. Australia's consumer watchdog took court action in March, disputing Nurofen packaging that products in its Nurofen Specific Pain range were…