Class Action Lawyer Sues Record Labels

March 10, 2006 at 4:30 pm - by Dale Dietrich

San Diego lawyer William Lerach’s suit says that Sony BMG, Universal Music, Time Warner, Bertelsmann, and EMI fought together to keep the online music market from emerging, and then “conspired to fix and maintain” music prices once services like Apple’s highly successful iTunes became inevitable.

Sources: Red Herring | Mac World | Cathy Kirkman