In June, Shkreli was sued by a cryptocurrency collective that bought the only known copy of the album for $4.75 million. The collective, PleasrDAO, accused Shkreli of retaining digital copies of the album in violation of their deal and disseminating them widely among his social media followers. PleasrDAO attorney Steven Cooper said in a statement that Chen's ruling was 'an important victory for our client.'
Judge Pamela K. Chen in Brooklyn wrote that Shkreli must produce all copies of what is sometimes referred to as the world's rarest album and report the names of anyone he distributed the music to by Sept. 30, along with any revenues he received from it.
Edward Paltzik, a lawyer for Shkreli, said in an email that the judge's order maintained 'the perceived status quo' of the lawsuit's progression and has 'no bearing whatsoever on the final outcome of the case.' He also noted that the judge did not make a finding that PleasrDAO was likely to succeed on the merits or that its allegations were true.
The Wu-Tang Clan spent six years creating 'Once Upon a Time in Shaolin' before putting a single copy of the 31-track double album up for auction in 2015 on the condition that it not be released publicly. The multiplatinum hip-hop group wanted it viewed as a piece of contemporary art.
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