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submitted 2 days ago by BrikoX@lemmy.zip to c/legalnews@lemmy.zip

The Supreme Court offered no explanation for denying the petition.

Case file: https://www.supremecourt.gov/orders/courtorders/100724zor_4gdj.pdf

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[-] NaibofTabr@infosec.pub 20 points 2 days ago

To be clear, this is a good decision:

Cotes banned Shkreli from the pharmaceutical industry for life and found him liable for $64.6 million in disgorgement. In January 2024, an appeals court upheld Cote's ruling.

Months later, Shkreli's lawyer filed a petition with the Supreme Court arguing that the ill-gotten profits from Daraprim's price hike went to corporate entities, not Shkreli personally, and that federal courts had issued conflicting rulings on disgorgement liabilities.

The Supreme Court has refused to let Shkreli off the hook.

[-] Wytch@lemmy.cafe 7 points 2 days ago

I like that legal term disgorgement. It makes me visualize a vile, slimy, bloated monstrosity cornered and forced to vomit forth a mass of ill-gotten gains.

Which seems rather apt in this case.

[-] pdxfed@lemmy.world 2 points 1 day ago
[-] thebestaquaman@lemmy.world 6 points 1 day ago

Wow! A rich asshole seeing consequences! I LOVE this!

[-] empireOfLove2@lemmy.dbzer0.com 9 points 1 day ago

Only because he fucked over other rich people.

[-] thesporkeffect@lemmy.world 3 points 1 day ago

We have to take the wins where we find 'em!

this post was submitted on 07 Oct 2024
48 points (100.0% liked)

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