Convicted hedge fund manager Martin Shkreli said two Wu-Tang Clan rappers are contractually committed to fund his defense—and any judgment against him—in a trade secrets case over the group’s one-of-a-kind album.
Robert “RZA” Diggs and Tarik “Cilvaringz” Azzourgarh must indemnify Shkreli in any case arising from his ownership of “Once Upon a Time in Shaolin” under a 2015 purchase agreement, he told the US District Court for the Eastern District of New York in a third-party complaint filed Tuesday.
Shkreli previously failed to add the rappers as necessary plaintiffs and as counterclaim defendants in the suit initiated by investor group ...