EDonkey settles music industry suits for $30 million
One of the last of the popular peer-to-peer music sharing sites has been defeated, with eDonkey’s agreement to settle its copyright infringement case with the record industry.
In documents filed with the District Court for the Southern District of New York on Monday, eDonkey founders and parent company MetaMachine Inc. said they’ll pay $30 million to record companies to settle the case. They also agreed to refrain from conducting any further business that might involve copying, distributing or otherwise infringing copyrighted works.
[ Read more ]