Settled: Lime Wire To Pay $105 Million To RIAA
May 12, 2011 at 4:43 PM (PT)
The recording industry and LIME WIRE have settled their long-running copyright infringement battle, reports THE HOLLYWOOD REPORTER. After demanding billions of dollars in damages, the RIAA signed off on a $105 million settlement that puts an end to five years of heated litigation.
U.S. District Court Judge KIMBA WOOD ordered an injunction against LIME WIRE last OCTOBER, which led to a trial to determine damages, which has been ongoing.The settlement puts an end to those deliberations.
"The significant settlement underscores the SUPREME COURT’s unanimous ruling in the GROKSTER case -- designing and operating services to profit from the theft of the world’s greatest music comes with a stiff price," RIAA Chairman/CEO MITCH BAINWOL stated. "The resolution of this case is another milestone in the continuing evolution of online music to a legitimate marketplace that appropriately rewards creators. This hard-fought victory is reason for celebration by the entire music community, its fans and the legal services that play by the rules."
LIME WIRE's counsel, WILLKIE FARR & GALLAGHER, release a statement noting: "In the recent past, the Plaintiffs have pressed for a $75 trillion verdict. The Court labeled that claim 'absurd.' Plaintiffs then claimed that they suffered $40 to $50 billion of damages and that LIME WIRE was responsible for it all. At other times they have claimed that the amount of damages exceeded $1.4 billion ... LIME WIRE and its founder, MARK GORTON, are pleased that this case has concluded."
LIME WIRE has already settled with music publishers for $11 million -- and is still facing other legal action, including a recently-filed lawsuit brought by ALKI DAVID and more than a dozen hip-hop artists