November 15, 2000 |
In the largest copyright award of its kind, Seagram's Universal Music Group won a $53-million infringement judgment Tuesday against the controversial Internet company MP3.com Inc. The judgment is about half of the $100 million in damages that the world's largest record corporation expected to collect after a federal court ruled in September that MP3.com had willfully violated copyright laws. At the time of the ruling, MP3.
September 20, 2000 |
MP3.com Inc.'s legal troubles continued to mount Tuesday, as San Diego class-action specialist Milberg Weiss Bershad Hynes & Lerach filed a class-action suit against the controversial online music firm, its chief executive and members of its board of directors. The lawsuit, in federal court in San Diego, alleges that the company made "false and misleading" statements between Jan. 13 and Sept. 7 regarding its sales and growth of its Internet services. On Sept. 7, U.S. District Judge Jed S.
September 11, 2000 |
Adding to MP3.com Inc.'s legal woes, Zomba Recording Corp. and Zomba Music Publishing are expected to file copyright infringement lawsuits in U.S. District Court in New York today against the online music start-up. Analysts warn that the Zomba cases could be the first of many copycat claims brought by smaller labels and publishers against MP3.com. Like the major labels, Zomba Recording and Zomba Music are suing for copyright infringement stemming from MP3.com's My.MP3.com service.
August 23, 2000 |
MP3.com Inc. shares rose 21% after the Internet music company said it reached a settlement with Sony Corp.'s Sony Music Entertainment to end a copyright infringement lawsuit. MP3.com rose $1.59 to close at $9.34 on Nasdaq. Earlier, the stock touched $11, or 83% below the 52-week high of $64.63, reached Nov. 8. Sony's American depositary receipts, each representing one ordinary share, rose 69 cents to close at $97.13 on the New York Stock Exchange.
January 24, 2000 |
The Recording Industry Assn. of America has sued MP3.com Inc. over its features allowing users to instantly hear music and add their personal music to a play list. The federal suit, filed in New York, claims the San Diego-based company illegally compiled an online library of 40,000 copyrighted albums. Officials with MP3.com could not immediately be reached for comment.