Federal Judge Orders 'Pharma Bro' Shkreli to Surrender Wu-Tang Album by August 30th
A federal judge has ordered Martin Shkreli to surrender all copies of Wu-Tang Clan's "Once Upon a Time in Shaolin" album by August 30th, as part of a preliminary injunction in a lawsuit filed by 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 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 requires Shkreli to:
- Turn over all copies of the 31-track album by August 30th
- Sign an affidavit confirming he no longer possesses the album
- Submit defense counsel certification of possession
- Provide names and contact information of anyone who received copies
- Disclose any financial proceeds from the album
The court warned that any violation of these terms could result in contempt charges.
Martin Shkreli speaking at podium
Shkreli has responded to the injunction and related NFT sales reports through social media posts, though the specific content of his statements remains unclear.