Saturday, May 14, 2011

LimeWire, Labels Settle Lawsuit for $105 Million

"As had been rumored, multiple record labels on Thursday settled their copyright lawsuit against Lime Wire LLC and its founder, Mark Gorton out of court for $105 million, according to a statement from the RIAA."
"The record labels involved in the suit include Arista, Atlantic, BMG Music, Capital, Elektra, Interscope, Laface, Motown, Priority, Sony, Universal, Virgin and Warner Brothers; in March, LimeWire settled with music publishers that had sued it."
Read the full article here

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