Settlement

Thursday, May 1st, 2003 @ 11:40 pm | Digital Rights

Larry Lansing:

The RIAA has reached a settlement [mirror] in the recent lawsuit against four university students (two from RPI). Payments range between $12,000 and $17,000, over the course of three years. What’s a few thousand more, when you’re already leaving school with $20,000 to $30,000 in loans? For all that money, I hope they at least got to keep their MP3 collections.

Maybe the recent ruling in favor of Grokster and StreamCast had something to do with this settlement. To be frank, I know practically nothing about how lawsuits and out-of-court settlements work, so I won’t claim to know all the details. However, I really thought the music industry was going to take no prisoners and use these college students as examples. As much as I would have loved to see the RIAA get its lunch handed to it in court (because I honestly believe maintaining a search engine like Phynd is completely legal), it’s good that these students aren’t being completely destroyed financially.

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