American investor Martin Shkreli is facing a new lawsuit for allegedly retaining and sharing recordings from a one-of-a-kind Wu-Tang Clan album that he was forced to sell following his 2017 conviction on securities fraud charges.
The lawsuit was brought Monday by a cryptocurrency collective, PleasrDAO, which purchased the only known copy of the album from Shkreli for US$4.75 million. The album, “Once Upon a Time is Shaolin,†has not been released to the public, functioning as a rare contemporary art piece since it was auctioned off by the famed hip-hop group in 2015.
In the lawsuit filed in Brooklyn, New York, federal court, PleasrDAO accused Shkreli of retaining digital copies of the album in violation of their deal and disseminating them widely among his social media followers.
They point to his recent comments on social media boasting of sharing the digital recordings with “thousands of people.†Over the weekend, Shkreli played portions of the album during a livestream he hosted on X, which he called a “Wu tang official listening party,†according to the lawsuit.
Shkreli did not respond to a request for comment.
The lawsuit marks the latest twist for an unusual album created in protest of the devaluation of music in the streaming era, but purchased at auction by Shkreli, a man known for jacking up the price of a life-saving drug and his “Pharma Bro†persona.
Shkreli was later forced to sell the album — packaged in a hand-crafted silver and nickel case and including a 174-page book wrapped in leather — following his conviction of security fraud charges.
PleasrDAO said it bought the physical copy of the album and its digital rights over two transactions, in 2021 and 2024. They said they understood that Shkreli had destroyed any trace of the album's files.
“Any dissemination of the Album’s music to the general public greatly diminishes and/or destroys the Album’s value, and significantly damages PleasrDAO’s reputation and ability to commercially exploit the Album,†the lawsuit states.
As of last month, the album was headed to the Australia’s Museum of Old and New Art, which said it planned to host private listening sessions featuring select tracks from the album beginning this week.
Conservative Leader Pierre Poilievre is supporting Israel's right to defend itself against Iran following last week's ballistic missile attack, saying that right includes 'proactively striking Iranian nuclear sites and oil installations to defund the terrorist regime.'
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With prayers, protests, and a heavy police presence, Canada has marked the anniversary of the Oct. 7, 2023, attack by Hamas on Israel that killed about 1,200 people and triggered an ongoing war.
A disgraced Winnipeg high school football coach convicted of sexual assault and luring will spend 20 years behind bars.
Toronto Coun. Michael Thompson 'forced himself on' a woman who awoke to find him standing over her after she fell asleep drunk, the Crown alleged Monday, as the five-day sexual assault trial of the six-term politician began in Bracebridge, Ont.
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Kamala Harris called Donald Trump 'incredibly irresponsible' for spreading falsehoods about the federal response to Hurricane Helene's destruction, offering especially sharp words as a new storm bears down on Florida with just weeks until Election Day.
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A canyoneer died in Zion National Park after falling between 150 and 200 feet near the the Upper Emerald Pool in southwest Utah, according to the National Park Service.
The mayor of a state capital in southern Mexico has been killed just one week after he took office, officials said Sunday.
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Georgia's highest court reinstated a ban on nearly all abortions after about six weeks of pregnancy on Monday while it considers the U.S. state's appeal of last week's ruling by a lower court judge blocking the law.
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The Ambassador Bridge border crossing was 'temporarily closed' for a period of time, according to the Canada Border Services Agency website.
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NDP Leader David Eby is promising to offer a $75-million loan forgiveness program to entice doctors, nurses and heath professionals to expand health-care services in rural British Columbia.
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Lethbridge police say a man who escaped from a psychiatric ward at the Chinook Regional Hospital has been found.
While the summer may be over, construction season in Lethbridge is not.
The Federation of Northern Ontario Municipalities (FONOM) is the latest organization to call on the Doug Ford government to re-open dialogue with an airline service that transports lower-income Canadians to crucial medical care far from home.
For decades, Mississauga First Nation has known that human remains from their land were at the Canadian Museum of History.
Greater Sudbury in partnership with the Organization for Economic Co-operation and Development, is hosting the organization's annual mining conference.
As millions in federal funding flow into a Labrador group whose claims of Inuit identity have been rejected by Indigenous organizations across Canada, a national Inuit leader worries the Liberal government is putting the rights of Indigenous Peoples at risk.
He may not have logged the fastest time or even gone the full distance, but residents of a Newfoundland town agree the goat who unexpectedly joined the local weekend half marathon was the event's undisputed champion.
A mother in a community where the cost of living is one of the highest in the country says grocery prices are 'inhumane' and retailers are putting profits ahead of people’s basic human right to food.
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