San Rocco Therapeutics Files Civil RICO Lawsuit Against Monied Interests of Gene Therapy

May 3, 2023 | News

A civil action has been filed, charging violations of the Federal Racketeering and Corrupt Organizations Act RICO, fraudulent inducement and unfair business practices in the United States District Court in Massachusetts The defendants are Nick Leschly, Mitchell Finer, Phillip Reilly, Third Rock Ventures, bluebird bio Inc, and 2seventy Bio Inc This lawsuit is linked to the TrialSite’s ongoing tracking of the San Rocco Therapeutics SRT, formerly Errant Gene Therapeutics, and bluebird legal conflict See “A FamilyMan’s battle against the forefront of capitalist medicine: the case of Errant Gene Therapeutics.”

Nick Leschly, the former CEO of bluebird bio, profited $24,000,000, alone in 2018, making him the highest compensated pharma CEO in the world The complaint alleges that his earnings were a direct result of fraudulent and corrupt RICO violations at the expense of the health of patients Bluebird bio’s gene therapy was approved in August 2022 to treat Thalassemia for $28 million per patient SRT has a safer gene therapy product that will cost over $2,000,000 less at $700,000.

San Rocco Therapeutics SRT is a biotechnology research company and a worldwide leader in gene therapy SRT filed the 72-page RICO complaint on Thursday, April 27, 2023 SRT brought actions against Defendants for civil violations of the Federal Racketeer Influenced and Corrupt Organizations Act, 18 USC § 1964a, b, c, and d “Federal RICO” and Mass Gen Laws ch 93A, § 11 In addition, SRT brings a cause of action against Defendants for fraudulent inducement of, including conspiracy to fraudulently induce, SRT to execute a confidential settlement agreement on November 2, 2020 Phillip Reilly is a Venture Partner at Third Rock Ventures and former Chief Medical Officer of bluebird Mitchell Finer is the ex-chief scientific officer of bluebird As background for the RICO filing, it is mentioned that Jan Leschly was the CEO of SmithKline Beecham during the period in which they were fined $3,000,000,000 by the US Department of Justice Deception about clinical trials resulted in over 60,000 children committing suicide…

 

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