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BearShare network settles copyright case with RIAA for $30 million

by - source: Tom's Hardware

Free Peers, the company that owned and operated the BearShare network, has agreed to pay $30 million to the Recording Industry Association of America to avoid a copyright infringement lawsuit, court documents indicated Thursday.

Free Peers has also agreed to disband and promised to not operate any unlicensed music download services.

Read the full story (BetaNews)

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