Usenet To Pay $7M In RIAA File-Sharing Feud

Law360, New York (September 17, 2010, 3:09 PM EDT) -- A federal judge has levied a permanent injunction against bankrupt Internet message board operator Usenet.com Inc., owner Gerald Reynolds and Sierra Corporate Design Inc. and ordered the group to pay several major record labels — including Capitol Records LLC and Arista Records LLC — $6.6 million for alleged copyright infringement through music file-sharing.

Judge Harold Baer of the U.S. District Court for the Southern District of New York on Thursday upheld the recommendations of Magistrate Judge Theodore H. Katz, who had found the $6.6 million award...
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.