Martin Shkreli leaves the federal court after getting bail, in New York on December 17, 2015.
Photograph by Jewel Samad — AFP via Getty Images
By Michal Addady
January 20, 2016

This story was updated to reflect a response from Martin Shkreli.

The bad-boy ex-CEO of Turing Pharmaceuticals Martin Shkreli is on the lookout for new legal representation.

Shkreli’s current lawyer, Marcus A. Asner of Arnold & Porter LLP, filed a letter on Monday with the Federal District Court in Brooklyn, the New York Times reports. The letter states that the former pharma exec is in the process of retaining a new legal team, without providing any explanation as to why.

Shkreli’s infamy comes from his time at Turing, where he raised the price of a life-saving drug by 5,000%, a move that branded him “the most hated man in America.”

He was arrested last month under suspicion of securities fraud and has been accused of illegally taking stock from a drug company he once headed in order to pay off investors in an unrelated hedge fund. Shkreli maintains his innocence and in a recent television interview with Fox 5 News, he claimed that “the government’s case is fictitious” and took issue with his “most hated man” moniker.

When the Times inquired as to why he’s looking for new lawyers, Shkreli said it was “a dumb theory” that it comes as a response to the Fox interview.

Asner could immediately be reached, and Shkreli would not comment.

SPONSORED FINANCIAL CONTENT

You May Like

EDIT POST