• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Shkreli seeks Wu-Tang Clan's involvement in album lawsuit

user avatar

by Giorgi Kostiuk

a year ago


Martin Shkreli, known as 'Pharma Bro', has suggested involving Wu-Tang Clan members in the legal dispute over the group's unique album.

Shkreli's court motion

On January 6, Shkreli filed a dismissal motion in Brooklyn federal court, arguing that if the dismissal bid fails, Wu-Tang member Robert Diggs (known as RZA) and the album's producer Tarik Azzougarh (Cilvaringz) should be included in the lawsuit as 'they maintain a property interest in the copyrights' to the album. Shkreli claims that 'a determination that Plaintiff fully owns the Musical Work will disturb their 50% ownership and leave them subject to inconsistent and competing obligations.'

PleasrDAO's response

PleasrDAO sued Shkreli in June 2024, claiming he wrongfully held onto and threatened to release digital copies of the physical one-off Wu-Tang Clan album called Once Upon a Time in Shaolin, causing 'significant monetary and irreparable harm' to the group. DAO claims its purchase of the album from the government included an agreement wherein Shkreli gave up all rights, titles, and interests in the album. PleasrDAO stated that Shkreli's motion 'badly misconstrues the nature' of their lawsuit.

Lawsuit development

In August, Judge Pamela Chen ordered Shkreli to 'turn over all of his copies, in any form,' of the album and sign an affidavit stating he no longer possesses any copies. In September, PleasrDAO expressed doubts about Shkreli's complete compliance with the order and requested a deeper search. In January 2025, PleasrDAO's lawyers claimed 'there remain unresolved issues' with Shkreli's compliance with the order.

The legal battle between Shkreli and PleasrDAO continues, drawing attention from the public and Wu-Tang Clan members to the complex issue surrounding the unique album copy.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ripple CEO Highlights Risks of US Regulatory Inaction

chest

Ripple CEO Brad Garlinghouse warns that US regulatory inaction could lead to a loss of competitive edge in the crypto space, driving innovation and capital to more favorable jurisdictions.

user avatarAndrew Smith

Bitcoin Retests Bearish Flag Pattern Amid Market Volatility

chest

Bitcoin is currently retesting a bearish flag pattern, with analysts warning of potential further declines.

user avatarJacob Williams

Investor Sentiment Shifts Due to Economic Concerns

chest

Investor sentiment shifted significantly in the digital asset market due to inflation fears, changing expectations around US interest rates, and rising tensions in the Middle East.

user avatarZainab Kamara

Binance and Hyperliquid Integrate Real-World Assets Trading

chest

Binance and Hyperliquid are expanding their trading offerings to include real-world assets, leading to increased trading volume, particularly in crude oil.

user avatarSon Min-ho

Binance to Launch 247 Perpetual Futures Trading in Crude Oil and Natural Gas

chest

Binance is set to launch 247 perpetual futures trading for WTI crude, Brent crude, and natural gas on April 1, offering contracts with up to 100x leverage.

user avatarAyman Ben Youssef

AAVE V4 Launch Coincides with EthCC in Cannes

chest

AAVE is set to activate its V4 on the Ethereum mainnet this week, coinciding with the EthCC event in Cannes, which is the largest annual European Ethereum gathering. This launch is expected to enhance the platform's security and risk parameters.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.