Federal Judge Orders Shkreli to Surrender All Copies of Rare Wu-Tang Clan Album by Month's End

Federal Judge Orders Shkreli to Surrender All Copies of Rare Wu-Tang Clan Album by Month's End

By Marcus Stevenson

December 3, 2024 at 11:48 PM

A federal court has ordered Martin Shkreli to surrender all copies of Wu-Tang Clan's "Once Upon a Time in Shaolin" by August 30th, as part of a preliminary injunction in a case brought by PleasrDAO.

RZA from Wu-Tang spraying water

RZA from Wu-Tang spraying water

The rare album, released in 2015 with only one physical copy, was initially purchased by Shkreli for $2 million. After his securities conviction, authorities seized the asset, which PleasrDAO later bought for $4.75 million.

PleasrDAO filed the lawsuit claiming Shkreli retained unauthorized copies of the album's data and files after forfeiture, potentially planning to release them publicly. This action allegedly violates the Defend Trade Secrets Act.

Judge Pamela K. Chen's order specifically:

  • Prohibits Shkreli from possessing, using, disseminating, or selling any interest in the album
  • Requires him to surrender all copies to his counsel by August 30th
  • Mandates a signed affidavit confirming he no longer possesses the 31-track album
  • Demands disclosure of anyone he shared the album with and any resulting financial proceeds by September 30th

Martin Shkreli speaking at podium

Martin Shkreli speaking at podium

The court warned that any violation of these terms could result in contempt charges. Shkreli has responded to the injunction and related NFT sales reports through social media posts.

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