A company has filed a lawsuit against convicted felons Martin Shkreli For copying Wu-Tang Clan’s Once Upon a Time in Shaolin He was forced to forfeit his album due to legal issues. According Court documents obtained by AllHipHop, PleasrDAO—the current owner of Wu-Tang’s rare album—accused the infamous “Pharma Bro” Violation of a forfeiture and lowering the value of a project.

“The album was supposed to constitute the sole existing copy of the record, music, data and files and packaging,” PleasrDAO’s lawyers wrote. “It now appears, however, that Shkreli improperly retained copies of the data and files at the time of the forfeiture and has released and/or intends to release them to the public.

“Such actions would cause PleasrDAO to incur significant monetary and irreparable harm, and give rise to numerous claims for relief under the forfeiture order and common law.”

PleasrDAO gave several examples. Shkreli Social media bragging of copying an album Shkreli The album was purchased in 2015, which is two years before the charges of securities fraud were brought against him. He The sentence was seven years in prison with a forfeiture of $7.4 million. Shkreli Give up? Wu-Tang Album to partially satisfy forfeiture money judgement

Shkreli You can learn more about it here released From prison in 2022. The Disgraced hedge funds manager claimed to have kept MP3s. Wu-Tang Album and Only “sold the plastic.”

“By his own admission, Shkreli retained copies of the album’s data and
files, played the album publicly on his ‘live stream’ and has sent it to at least 50 people,” PleasrDAO attorneys wrote:His comments demonstrate that he is also willing to disseminate copies of the album’s data and files publicly, and that as many as ‘> 5,000 individuals’ may have already heard the album as a result of his actions.

“These actions occurred after he was ordered to forfeit his interests in the album. Shkreli therefore violated the Forfeiture Order’s provisions requiring Shkreli to forfeit his interests in the album and prohibiting him from taking any action that would reduce the album’s value.”

PleasrDAO is bought Once Upon A Time The following are some examples of how to use Shaolin For $4.75 Million The Company Sued Shkreli Other claims include misappropriation, unjust enrichment and tortious interference. PleasrDAO demanded damages and an order of seizure Shkreli’s Copies of the original Wu-Tang album.

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