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Martin Shkreli must surrender his Wu-Tang album copies

Martin Shkreli must surrender his Wu-Tang album copies

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A federal judge issued a temporary order requiring Shkreli to give up his copies of Wu-Tang’s ‘Shaolin’ album.

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Jury Deliberations Continue In Martin Shkreli Securities Fraud Trial

Former pharmaceutical executive Martin Shkreli must turn over his copies of The Wu-Tang Clan’s Once Upon a Time in Shaolin album to comply with a preliminary injunction issued by federal Judge Pamela Chen in an ongoing lawsuit, ArtNet reported on Friday.

PleasrDAO, NFT collective and current owner of Shaolin claims in its lawsuit that he “improperly retained copies of data and files” from the album and plans to release them. Among other complaints, the group alleges that this violated a court order to forfeit it to the US government.

Here are the hearing’s minutes, as published on sites like CourtListener:

… the Court issued a preliminary injunction as to Defendant Shkreli: (1) enjoining him from possessing, using, disseminating, or selling any interests in the Album, including its data and files, or in any way causing further damage to Plaintiff respecting the Album through this conduct; (2) ordering him to provide an inventory and accounting of the copies of the Album that he has retained and the individuals to whom he has distributed the data and files, and any attendant revenue; and (3) ordering him to turn over to his counsel all recordings of the Album’s contents that Defendant possesses or controls. Written order to follow. In addition, the following deadlines were set: (1) by August 30, 2024, Defendant to file (A) affidavit from Defendant, under penalty of perjury, attesting that he has turned over all of his copies, in any form, of the Album or its contents to defense counsel, and no longer possesses any copies, in any form, of the Album or its contents, and (B) letter confirming that defense counsel has possession of said copies and contents; and (2) by September 30, 2024, Defendant to file an accounting, in the form of an affidavit by him, under penalty of perjury, identifying (A) all known copies, in any form, of the Album or its contents, (B) whether those copies were distributed, and if so, when, to whom, and how, and (C) the amounts, source, date, and nature of any proceeds, revenues, profits, or other financial benefits made by Defendant from his distribution or playing of the Album or its contents.

Judge Chen previously issued a restraining order against Shkreli in June, requiring him to stop distributing the album and to appear in court later to explain why he shouldn’t be forced to give up all of his copies.

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