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Martin Shkreli Faces Suit Over Alleged Copies of Rare Wu-Tang Album

Key Takeaways

  • ​Judge allows PleasrDAO to sue Martin Shkreli for keeping and sharing copies of Wu-Tang Clan’s one-of-a-kind album;
  • Shkreli allegedly streamed and offered digital files even after forfeiting the record in his 2018 fraud conviction;
  • PleasrDAO owns the physical album and copyrights, bought after the US Marshals sold it for $2 million following Shkreli’s forfeiture.

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Martin Shkreli Faces Suit Over Alleged Copies of Rare Wu-Tang Album

A federal judge has decided that Martin Shkreli, often referred to as "Pharma Bro", may face a lawsuit for copying and sharing Wu-Tang Clan’s album Once Upon a Time in Shaolin.

The decision gives PleasrDAO, which owns the work, the chance to pursue damages and seek the return of any files Shkreli may still hold.

Judge Pamela Chen’s ruling keeps alive claims focused on trade secret misuse and recovery of property, though she dismissed other parts of the case tied to copyright law.

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The lawsuit argued that after Shkreli was forced to give up the album in 2018 as part of his fraud conviction, he kept digital copies and later streamed tracks online and offered to distribute them to others.

The Wu-Tang Clan recorded the 31-track project between 2007 and 2013 as a statement against the devaluation of music in the digital age. Only a single physical copy was ever produced, accompanied by a manuscript that detailed lyrics and production notes.

Shkreli purchased it in 2015 under an agreement that limited his ability to use it for 88 years, despite giving him a partial copyright share.

When Shkreli was later convicted, a forfeiture order required him to surrender the album and avoid any action that might reduce its value or availability.

The US Marshals sold the recording in July 2021 for more than $2 million, and PleasrDAO purchased it. In January 2024, they also acquired the copyright for roughly $750,000.

Meanwhile, xAI recently accused OpenAI of stealing trade secrets by targeting its employees. What did the lawsuit state? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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