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VisitMartin Shkreli Sued by PleasrDAO for Allegedly Copying $4.75M Wu-Tang Clan Album
Jun 11, 2024, 03:57 PM
Martin Shkreli, the convicted former pharmaceutical executive, is facing a lawsuit from PleasrDAO, a digital art collective, over allegations that he illegally copied and distributed the unique Wu-Tang Clan album 'Once Upon a Time in Shaolin.' PleasrDAO, which purchased the album for $4.75 million, claims that Shkreli violated a forfeiture order by making copies and sharing the music publicly. Thousands of people reportedly tuned in on Sunday to a live stream where Shkreli played the album, an event he called a 'Wu-Tang official listening party.' PleasrDAO argues that this activity constitutes misappropriation of trade secrets and greatly diminishes the album's value. The lawsuit was filed in New York.
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Markets
PleasrDAO wins • 50%
Shkreli wins • 50%
Court records and official rulings
No • 50%
Yes • 50%
Court records and official announcements
No • 50%
Yes • 50%
Public statements, social media, and news reports
Acquired by a corporation or collective • 33%
New individual owner • 33%
Remains with PleasrDAO • 33%
Ownership records, public announcements, and official sales
Above $4.75 million • 33%
Below $3 million • 33%
Between $3 million and $4.75 million • 33%
Art market records, auction results, and public sale data
Claims dismissed • 33%
Claims upheld • 33%
Settlement reached • 33%
Court records and official rulings