Saturday, 14 May 2011

LimeWire settles with record labels

LimeWire, the now defunct file sharing platform, and its founder, Mark Gorton, have reached a settlement with the 13 record labels that brought an action against them in the Manhatten federal court, agreeing to pay $105 million in damages. The defendants has already been found liable for copyright infringement last year by Judge Kimba Wood and the trial that has been settled was to award damages – the Jury could have potentially awarded up to $1.4 billion in statutory damages.

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