Print 30 comment(s) - last by Sazabi19.. on Jun 11 at 12:39 PM

LimeWire founder allegedly moving assets to avoid paying settlement

File sharing services like Napster and LimeWire have in the past been targets of the RIAA and major record labels for allegedly helping users pirate music. More than one file sharing firm has been forced to pay millions in damages to record labels and change their business models.

In August of 2006, the RIAA sued peer-to-peer file sharing service LimeWire for copyright infringement and sought damages of $150,000 for each illegally downloaded song.  The LimeWire case went to court in 2006 only days after Kazaa agreed to a $100 million settlement for music labels. Four years later, the record companies who were part of that LimeWire suit in 2006 are still trying to collect on hundreds of millions in damages for copyright infringement.

Thirteen of the largest companies in the music industry are now looking to courts to freeze LimeWire assets. LimeWire founder Mark Gorton is allegedly trying to evade paying damages by moving assets to an entity that he hopes will be shielded from damages owed to the record industry. 
Reuters reports that among the assets Gorton has moved is 90% of the ownership stakes in the company. The majority of the assets that have been allegedly illegally moved are blacked out in court documents.

The court documents read, "[Gorton and other defendants have] have engaged in a series of fraudulent actions [to] frustrate a legal judgment in this case."

The plaintiffs in the case sought a permanent injunction against piracy on LimeWire last week. Despite the legal proceedings, the RIAA and record industry are alleging that Gorton and LimeWire have continued their illegal ways. The plaintiffs also point out that as of the filing every song on the Billboard Top 40 lists was available on LimeWire.

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RE: I use DC too!
By spwrozek on 6/9/2010 11:29:03 AM , Rating: 2
Just wiped a friends last night. The second time the last 8 months. Both times it was some sort of virus from limewire. I tell them every time to stop using it but people don't listen.

RE: I use DC too!
By bubbastrangelove on 6/9/2010 11:36:38 AM , Rating: 1
I have an old IBM T42 laptop that I download just about anything to and run in through the virus/malware/spyware/performance/what exactly does it do crucible before it goes to either my gaming machine or main laptop.

Tell your friends they can get one for $100 of ebay. :D

RE: I use DC too!
By Camikazi on 6/9/2010 2:33:50 PM , Rating: 2
If you are getting paid to fix these computers you do not tell them how to avoid viruses, you fix and do what they want you too and let them go on their way, only to return in a few months to give you more money :P

RE: I use DC too!
By funkyd99 on 6/9/2010 3:09:08 PM , Rating: 2
Swap out that $100 laptop for a free virtual machine on your existing desktop and save yourself some hassle...

"We don't know how to make a $500 computer that's not a piece of junk." -- Apple CEO Steve Jobs
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