FTC and seven states seek contempt ruling against Martin Shkreli over pharma ban

The FTC and seven states asked a federal judge on Tuesday to hold Martin Shkreli in contempt for violating his lifetime ban on pharmaceutical industry activity.

• FTC attorneys and attorneys general from New York, California, Illinois, North Carolina, Ohio, Pennsylvania, and Virginia filed the motion seeking fines and possible incarceration.
• Authorities allege Shkreli traded stocks in at least 60 pharmaceutical companies and shorted biotech firm Cassava Sciences in livestreams on YouTube, X, and Reddit.
• FTC competition bureau director Daniel Guarnera said the filing "should serve as notice that the FTC will not hesitate to enforce violations of court orders."