Ex-pharma CEO Shkreli is getting new lawyers

AP News
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Posted: Jan 20, 2016 10:44 AM

NEW YORK (AP) — The pharmaceutical executive reviled for price-gouging is changing lawyers.

The outgoing legal team for former pharmaceutical company CEO Martin Shkreli notified a Brooklyn judge this week.

Shkreli told The New York Times (http://nyti.ms/1JX1cOM ) in an email that the change is not related to his weekend TV interview. He called that "a dumb theory."

He told Fox 5 News in New York that "the government's case is fictitious." He also took issue with assertions that he's the world's "most hated man."

The 32-year-old former hedge fund manager has pleaded not guilty to securities fraud and conspiracy. Prosecutors say Shkreli lost investors' money through bad trades, then looted the pharmaceutical company to pay them back.

Shkreli was already reviled because the drug company raised the price of a life-saving medicine from $13.50 to $750 per pill.

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Information from: The New York Times, http://www.nytimes.com