Lime Wire Pays $105M To Settle With Record Cos.

Law360, New York (May 12, 2011, 7:36 PM EDT) -- File-sharing software maker Lime Wire LLC and its founder abruptly settled a copyright infringement suit with Warner Music Group Corp. and three other record companies for $105 million Thursday, cutting short what could have been a billion-dollar damages trial in New York.

The final bill pales in comparison to the billion dollars in statutory damages alone that Mark Gorton and Lime Wire were facing for copyright infringement of thousands of songs owned by the big four record companies — Warner Music Group, Vivendi SA's Universal Music...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.