Cox Wants $1B Music Label Piracy Verdict Paused For Appeal

By Nadia Dreid (January 28, 2021, 8:14 PM EST) -- Cox Communications is hoping to avoid paying out the $1 billion verdict against it for allowing piracy on its networks, asking a Virginia federal judge to approve a bond for that amount while it appeals to the Fourth Circuit.

Should U.S. District Judge Liam O'Grady approve the request, he would issue a bond for the amount of the $1 billion verdict, plus roughly $2 million — enough to cover two years of post-judgment interest, according to Cox's Wednesday motion.

But the record companies who are set to receive the $1 billion aren't fans of that plan and have "declined to consent...

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