Website chief agrees out-of-court settlement with 13 record companies
The chief of filesharing website LimeWire has agreed to pay 13 record companies $105million (£64million) to bring the service’s legal battle over illegal filesharing to an end.
A trial to decide on the amount of damages owed by LimeWire had started on May 2. But Associated Press reports that the website’s creator Mark Gorton has now agreed an out-of-court settlement with the Recording Industry of America (RIAA), which represents labels including Warner and Sony Music.
Chief Executive of the RIAA Mitch Bainwol said: “We are pleased to have reached a large monetary settlement following the court’s finding that both LimeWire and its founder Mark Gorton personally liable for copyright infringement. As the court heard during the last two weeks, LimeWire wreaked enormous damage on the music community, helping contribute to thousands of lost jobs and fewer opportunities for aspiring artists.”
Mark Gorton‘s lawyers, meanwhile, said that their client was “pleased that this case has concluded”.