As part of a surprise settlement announced on Monday, Grokster Ltd. has agreed to pay $50 million to settle music and movie piracy claims. The settlement also permanently bans Grokster from participating, directly or indirectly, in the theft of copyrighted files and requires the company to stop giving away its software. Grokster executives indicated they plan to launch a legal, fee-based "Grokster 3G" service before year's end under a new parent company, believed to be Mashboxx of Virginia Beach, Va.
November 09, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Grokster Ltd., which came out on the losing end of a Supreme Court decision, has agreed to shut down its file-swapping service and pay $50 million to settle music and movie piracy claims.
The surprise settlement announced Monday permanently bans Grokster from participating, directly or indirectly, in the theft of copyrighted files and requires the company to stop giving away its software.
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