Bearshare Settles with RIAA for $30M and Shuts Down

Under the proposed judgment, which still must be approved by the court, the operators of once-popular Bearshare, Free Peers, has entered into a $30 million settlement with the RIAA to settle copyright violation charges against and down. BearShare’s assets, including the domain name and list of BearShare users, were sold to iMesh.

Sources: ZDNet | BBC | Red Herring | L.A. Times (AP) | MP3.com | BetaNews | Canada.com | Billboard Radio Monitor | Wall St. Journal | DVD-Recordable.com | afterdawn.com | P2PNet

Related Posts:

• iMesh Raises BearShare from the Dead and Takes it ‘Legit’ (August 23, 2006)
• Bearshare Settles with RIAA for $30 M and Shuts Down (May 9, 2006)
• Music Industry Releases New Wave of Lawsuits (April 4, 2006)

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