Showing posts with label LimeWire settles with record companies. Show all posts
Showing posts with label LimeWire settles with record companies. Show all posts

Saturday, May 14, 2011

LimeWire settles filesharing legal battle for $105m; Guardian, 5/13/11

Josh Halliday, Guardian; LimeWire settles filesharing legal battle for $105m:

"LimeWire has agreed to pay record companies $105m (£64m) to end a five-year legal battle over illegal filesharing.

The out-of-court settlement with 13 record companies, including labels owned by the four major groups, comes days after the start of a trial to decide damages following a decision that the service was liable for "massive scale infringement" for helping users pirate digital music files.

LimeWire, which the music groups blame for $1bn in lost sales, was shut down in October following a court ruling."