Federal Judge Orders Martin Shkreli to Hand Over All Wu-Tang Album Copies Before August 30th Deadline
A federal court has ordered Martin Shkreli to surrender all copies of Wu-Tang Clan's "Once Upon a Time in Shaolin" album by August 30th, following a preliminary injunction requested by crypto company PleasrDAO.
RZA from Wu-Tang spraying water
The rare album, released in 2015 as a single 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 a lawsuit in June, alleging Shkreli retained unauthorized copies of the album's data and files after forfeiture, potentially planning to release them publicly. This action violates the Defend Trade Secrets Act, as the album was intended to be the sole existing copy.
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 related financial proceeds by September 30th
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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