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Once famed pharma executive, now known as a convicted criminal, and often dubbed as one of the most detestable personalities in the US, Martin Shkreli must deal with a lawsuit for duplicating the Wu-Tang Clan’s album Once Upon a Time in Shaolin. US District Judge Pamela Chen ruled on Thursday to dismiss some claims made by the album’s present proprietors, PleasrDAO, but the lawsuit accusing “misappropriation of trade secrets” will still proceed.
Trade secrets might seem like an odd way to describe the most exclusive album ever made, but Chen says in her decision that:
The definition of trade secrets encompasses all forms and types of business information, provided the criteria for taking “reasonable measures” to maintain secrecy and deriving “independent economic value” from said secrecy are satisfied.
Continuing to say that there was, “no serious debate that the value of the Album… was largely based on its secret and exclusive nature.”
In August, Shkreli had to surrender any duplicates of Once Upon a Time in Shaolin after PleasrDAO—a kind of crypto art consortium—sued him for improperly holding onto copies of the album, thereby reducing its value. The group claims Shkreli even intended to release his copies whereas PleasrDAO had acquired the album at a government auction for nearly $4 million.
The lawsuit by PleasrDAO states that Shkreli confessed in livestreams about making copies of the album and alleged he played it for his audience. It’s also alleged he mocked a DAO member by responding to a photo of the album with, “LOL i have the mp3s you moron.” Clearly, having served jail time and being compelled to relinquish a prized possession, hasn’t made Shkreli any more subdued.
