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Former Retrophin chairman says Martin Shkreli lied 'to my face'


By Brendan Pierson(Reuters) - Martin Shkreli was ousted as chief executive of drug company Retrophin Inc after disobeying directions from the board of directors and lying about it, the board's former chairman testified at Shkreli's securities fraud trial on Wednesday.The former chairman, Steven Richardson, told jurors in federal court in Brooklyn that he met with Shkreli in September 2014 to tell him he was losing the board's support.Richardson said he had recently learned that Shkreli, himself a board member, had set up a system to pay Retrophin employees commissions to encourage them to ...

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First Published: Thu, July 13 2017. 01:56 IST