PleasrDAO sued Martin Shkreli
PleasrDAO, a decentralized independent organization known for collecting digital and physical art, sharing copyright among DAO members, and philanthropic activities, filed a lawsuit against ‘pharma bro' Martin Shkreli.
The lawsuit alleges that Shkreli hosted an X Spaces event on June 9 and broadcast a live stream of the same Wu-Tang Clan album previously available on PleasrDAO in 2021. Virtual meeting room.
PleasrDAO is now suing Shkreli for causing undue harm to PleasrDAO, citing “significant financial and irreparable damages” in their official complaint:
“The album was supposed to be the only existing copy of the record, music, data and files and packaging. But now, when Shkreli was arrested, he improperly possessed and released a copy of the data and files. / or intended to release them to the public.”
The complaint continues: “Such actions will cause PleasrDAO to suffer substantial financial and irreparable harm, and give rise to numerous claims under injunctive relief and common law.”
Shkreli condemned the lawsuit, saying PleasrDAO members did not support the trial and were not given a chance to vote on the lawsuit.
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In the year In 2021, PleasrDAO acquired the Wu-Tang album in Shaolin for approximately $4.75 million in assets in two separate transactions.
Wu-Tang reportedly made the album to counter the increasing digitization and commercialization of music. They hope to bring music back into the realm of high art and from its current status as a mass-produced consumer product.
The album was previously owned by Shkreli, who paid $2 million for a one-of-a-kind recording. At the time, the album appeared to be one of Shkreli's most prized possessions. In the year In a 2016 interview with Vesey, Shkreli played a portion of his two-disc album, Ringed in Gold. Vesey's interview with Shkreli ended with him pondering what he might do next with the one-of-a-kind shoot.
However, the former pharmaceutical CEO was later forced to hand over his high-dollar album to authorities in 2018.
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