Page 89 - CL Armchair Case
P. 89
Retrophin then proceeded to sue Shkreli for $65million,
after accusing him of looting the company. Retrophin then
proceeded to sue Shkreli for $65million, after accusing him
of looting the company. Retrophin's 2015 SEC Complaint
claimed that Shkreli created MSMB Healthcare and
Retrophin "so that he could continue trading after MSMB
Capital became insolvent and to create an asset that he
might be able to use to placate his MSMB Capital investors."
Shkreli's former hedge fund, MSMB was left 'virtually
bankrupt' after Shkreli made a single trade with Merril Lynch
in February 2011 it was claimed.
