United States v. Shkreli

MEMORANDUM AND ORDER

■ MATSUMOTO, United States District Judge:

■ Presently before the court are defendants Martin Shkreli’s (“Shkreli”) and Evan Greebel’s (“Greebel”) motions for severance of their trials (the “Motions”). (EOF Nos. 158, 161.) For the reasons stated herein, defendants’ motions to sever their trials are granted.

Discussion

I. Background

The parties’ submissions and the Superseding Indictment describe the following facts. Starting in' 2006, Shkreli was the managing member and portfolio manager of Elea Capital Management (“Elea”), a hedge fund located in New York, New York. Within…