SAN FRANCISCO: Filesharing software company LimeWire, which shut down last year after being barred from allowing people to share copyright-protected files online, reached a US$105mil (RM315mil) out-of-court settlement with the major record labels.
In a statement, Recording Industry Association of America (RIAA) chairman Mitch Bainwol said his group, which represents the labels, is pleased with the settlement.
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