From: Tom Whore (tomwhore@inetarena.com)
Date: Fri Apr 28 2000 - 13:47:36 PDT
MS and MP3.com on the same day...ugh
Court rules MP3.com 'liable' ,site's stock plunges more than 40 percent
after federal judge rules it violated copyright law.
By Reuters
UPDATED April 28, 2000 12:11 PM PT
A federal court ruled Friday that
MP3.com Inc. violated copyright law with its creation of a database in
which users can store music and then access it via any computer connected
to the Internet. The ruling stemmed from a lawsuit filed by the world's
largest record labels that claimed the database of more than 80,000
copyrighted albums -- part of the company's My.MP3.com service -- amounted
to copyright infringement. U.S. District Judge Jed Rakoff of the Southern
District of New York issued a terse order holding MP3.com "liable for
copyright infringement." The lawsuit sought to shut down the service.
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