(d) by causing Retrophin to pay cash to himself, Biestek, and Fernandez so that he would not have to invest $ 731,778 of his own funds in the February PIPE, and by using PIPE proceeds in contravention of the terms of the Securities Purchase Agreement to fund investments by Shkreli, Biestek and Fernandez, resulting in an
additional benefit to Shkreli alone of $ 360,000 in cash and 180,000 Retrophin shares and
warrants worth more than $ 5.3 million (at current
market prices).
Because Skadden voluntarily reduced its fees (for example, charging $ 450 an hour for a partner or $ 300 an hour for a sixth - year associate), the judge found that an
additional discount to bring fees consistent with
market rates for civil rights cases was not
warranted.