Tag: martin-shkreli
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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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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…