When Napster board members turned down a deal by Bertelsmann AG to acquire the music swapping service's assets, it was the last straw for Napster General Counsel Jonathan Schwartz and other company officials. Schwartz, along with CEO Konrad Hilbers, founder Shawn Fanning and two other executives, resigned from the company Tuesday -- setting off another round of speculation on when Napster would fold.
May 16, 2002 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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