Shkreli, Vyera Rip FTC Sanction Bid Over Alleged Phone Wipe

By Khorri Atkinson (May 21, 2021, 9:12 PM EDT) -- Disgraced pharmaceutical executive Martin Shkreli and his company Vyera Pharmaceuticals LLC on Friday urged a New York federal judge to reject the Federal Trade Commission's bid for sanctions against them, arguing the penalty over the alleged wiping of phones containing potential evidence is unwarranted and extreme.

In separate court filings to U.S. District Judge Denise Cote, the defendants denied claims unsealed Tuesday that they intentionally destroyed key evidence after the FTC and several states launched antitrust investigations into a fifty-fold price increase for Daraprim.

The FTC's proposed sanction — to preclude the defendants from introducing contrary arguments or evidence regarding Vyera's...

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