Arguing that Evan Greebel's 401(k) funds qualify as “earnings,” his counsel said that would mean garnishment is capped at 25% under the Consumer Credit Protection Act. A district judge said the government could garnish the accounts in their entirety to satisfy restitution obligations.
April 28, 2022 at 05:29 PM
3 minute read
A Second Circuit panel on Thursday eyed the fate of the retirement accounts accumulated by Evan Greebel—who once represented “Pharma Bro” Martin Shkreli—during his past employment at the law firms Fried Frank and Katten Muchin Rosenman.
The three-judge panel of the U.S. Second Circuit Court of Appeals heard oral arguments reviewing a Brooklyn federal judge’s decision finding the government could garnish those accounts to fund a restitution obligation.
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Evan Greebel, a former partner at Kaye Scholer and Katten Muchin Rosenman, was sent to prison for working with disgraced pharmaceutical executive Martin Shkreli to defraud investors.
