U.S. District Judge Denise Cote’s decision on Friday was part of a civil case brought by the Federal Trade Commission and the attorneys general of New York, California, Ohio, Pennsylvania, Illinois, North Carolina and Virginia in 2020, which have alleged that Shkreli violated federal and state laws that prohibit anti-competitive behavior. A week-long trial was held in December, which Shkreli chose not to attend, according to the ruling.
CNN has reached out to Shkreli’s attorneys for comment. He is currently serving time in prison for 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, representing one of the states that will receive the fine money, said in a statement that the court ruling puts corporate executives on notice that her office is prepared to seek a personal liability for anti-competitive behavior that impedes people’s access to affordable medicines. .
“The rich and powerful cannot play by their own rules, so it seems money does not rule everything around Mr. Shkreli,” James said in a statement. “New Yorkers can be confident that my office will do everything possible to hold the powerful accountable, in addition to fighting to protect their health and their pocketbooks.”