Earlier this year LimeWire was forced to cease its operations of being a P2P file sharing network. The Music industry claims that LimeWire LLC and Chief Executive Mark Groton owe Trillions of dollars in damages for illegal distribution of 11,000 copyrighted songs. In a ruling in March earlier this year by Judge Kimba Woods of the U.S. District Court for the Southern District of New York rejected the lawsuit that the Recording Industry Association of America (RIAA) that said LimeWire should pay up to $150,000 for each download of some 11,000 songs. The music publishers, which include Sony and Warner Music Group, sued LimeWire for copyright infringement last June. Today all the claims that were brought against LimeWire LLC and Chief Executive Mark Gorton were dismissed after a filing in a New York federal court, but it was not disclosed, and it’s understood that both sides will have to pay the damages that they did. What they didn’t know is that the music industry was actually making a profit from file sharing. On May 2nd of this year LimWire had to face 13 different record companies where the proof was show that studios profit from filesharing.
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