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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 R3T4rd on 6/10/2010 5:08:39 AM , Rating: 2
quote:
That said, kazaa/limewire/e-mule are notorious for ad/spyware and virusses, not to mention old news.

All the P2P you mentioned above are for the average PC users. And all the average PC users are those that will click on the "You are the 1 Million'th user. You just won!" ad. I have fixed and cleaned and seen people who has Limewire, Kazza etc on thier PC's. If they still use it, I tell them to stop because they are jepoardizing themselves.

Most power users, nerds, Computer Pros use other types of programs that we (as in "We")only know of. And these programs are not for the average joe. I guess you can say Limewire/Kazza etc. is like Apple products - Most of it is for the tech illiterate and dare I say "stupid"? While "other P2P" Programs us pros use are like Linux PC's to custom built PC's etc. That is why:

I Dare not say names of the programs.....
#1 and only rule of such program is - you don't talk about the programs.


"We can't expect users to use common sense. That would eliminate the need for all sorts of legislation, committees, oversight and lawyers." -- Christopher Jennings

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