Lime Wire to pay record labels $105 million, ends suit

By @ibtimes on

The operators of LimeWire agreed to pay record companies $105 million, ending a federal trial over damages after the once-popular file-sharing service had been found liable for copyright infringement.

District Judge Kimba Wood in Manhattan had ruled last May that LimeWire's parents, Lime Group and Lime Wire LLC, wrongfully assisted users in pirating digital recordings.

She shut down LimeWire in October, and a trial on the scope of damages to be awarded to 13 record companies began last week.

Sony Corp and Vivendi SA own various of the labels, which include Arista, Atlantic, BMG Music, Capital, Elektra, Interscope, Laface, Motown, Priority, Sony BMG, UMG, Virgin and Warner Brothers.

Lime Wire and its founder, Mark Gorton, are pleased the case has concluded, according to a statement from their law firm.

(Reporting by Jonathan Stempel in New York; Editing by Gary Hill)

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