LimeWire Settles, Pays $105 Million To Recording Industry Association Of America
Long Way from $75b. SAN FRANCISCO — File-sharing software company LimeWire, which shut down last year after being barred from allowing people to share copyright-protected files online, reached a $105 million out-of-court settlement with the major record labels Thursday, the labels said. In a statement, Recording Industry Association of America Chairman Mitch Bainwol said his group, which represents the labels, is pleased with the settlement. Read More… http://www.huffingtonpost.com/2011/05/13/limewire-settlement-recording-industry-association_n_861460.html
