Independent Labels Sue Limewire
July 19, 2011 at 4:02 AM (PT)
LIMEWIRE agreed earlier this year to settle copyright claims by the major record labels (NET NEWS 5/12), paying $105 million. However, PAID CONTENT reports, "the thousands of smaller independent record labels -- whose music was, of course, also traded on LIMEWIRE -- are saying they’re owed an amount at least equal to that."
The indie labels have now filed a lawsuit in NEW YORK federal court, in which they say they had earlier reached an agreement with LIMEWIRE, and therefore did not participate in the suit settled with the major labels. That agreement said that if and when LIMEWIRE reached a settlement with the major labels, it would offer the indies the same "material terms" as that settlement.