New York Attorney General Letitia James, the FTC, and six other state attorneys general asked a federal court to hold Martin Shkreli in contempt for allegedly trading pharmaceutical stocks and discussing pharmaceutical companies in violation of his lifetime industry ban. The requested sanctions include divestiture, an accounting of his trading, forfeiture of trading profits, and possible further fines or incarceration; the release describes a request to the court, not a new ruling imposing those measures.
The coalition asked the court to appoint an auditor at Shkreli’s expense, order him to divest pharmaceutical stocks, impose a fine equal to his trading profits since February 4, 2022, plus interest, and impose further fines or possible incarceration for noncompliance. These are requested remedies, not remedies reported as imposed in this release.
This release concerns alleged antitrust violations and a court-ordered pharmaceutical-industry ban, not a privacy enforcement action, so it does not provide a basis for changing data-processing, privacy-notice, consent, or breach-notification clauses. For pharmaceutical vendor, collaboration, and investment agreements, review antitrust compliance representations and covenants, restrictions on competitor communications and market-sensitive public statements, disclosures of ownership interests or securities trading, audit and accounting cooperation, and records-preservation obligations. Employee agreements or policies for personnel subject to industry restrictions should also be checked for applicable trading and communications controls.
Entity
Martin Shkreli
Industry
HealthcareOfficial Press Release
https://ag.ny.gov/press-release/2026/attorney-general-james-urges-court-punish-martin-shkreli-brazenly-violating
federal trade commission et al v martin shkreli memorandum 2
https://ag.ny.gov/sites/default/files/court-filings/federal-trade-commission-et-al-v-martin-shkreli-memorandum-2026.pdf
New York Attorney General Enforcement Page
https://ag.ny.gov/press-releases
"hold Martin Shkreli in contempt and impose significant penalties for violating a lifetime ban from the pharmaceutical industry"
"October 13, 2026"
"the court found Shkreli violated antitrust laws"
"Shkreli has openly traded pharmaceutical stocks and publicly discussed the industry at length"
"Ordering Shkreli to divest all pharmaceutical company stocks;"
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