File-Sharing Site Founder Did Not Defraud: UK Jury

Law360, New York (January 15, 2010, 7:22 PM EST) -- A jury in the United Kingdom on Friday declared the founder of one of the world's largest music-sharing Web sites not guilty of conspiracy to defraud.

Alan Ellis, the 26-year-old founder of defunct file-sharing site Oink, was the first person in the U.K. ever to be prosecuted for illegal file-sharing, according to the BBC.

Oink once had nearly 200,000 users and facilitated the download of 21 million music files, the BBC said.

Ellis started the site in 2004 to better his skills for “employability,” he claimed....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.