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: Crazy Consumers
By Hyperion1400 on 6/9/2010 2:44:15 PM , Rating: 2
I really won't be happy with downloadable offering until that number hits the high 900s or the 1000+ range(and preferably WMA Lossless or FLAC). If I am paying the price of a CD, I expect the quality of a CD, no exceptions. So, until that day, I will be happy buying CDs.

RE: Crazy Consumers
By Akrovah on 6/9/2010 5:47:43 PM , Rating: 2
But you are not paying the price of a CD. The typical album on Amazon costs $9, last time I bought a CD it was $16.

The extra quality of a CD is nice I suppose, but once you get into the 250s VBR MP3 most people (including me) can't relly tell the difference and so I am happy settling for the drop.

More power to you if you can hear it and it makes a difference in your purchasing decisions though. Awsome ears.

RE: Crazy Consumers
By Noya on 6/9/10, Rating: -1
RE: Crazy Consumers
By Sazabi19 on 6/11/2010 12:39:54 PM , Rating: 2 taht is a pretty good site if you like some non-mainstream music (industrial); made by Klayton from Celldweller

"People Don't Respect Confidentiality in This Industry" -- Sony Computer Entertainment of America President and CEO Jack Tretton
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