File-Sharing Company Settles for $30 Million

The firm behind popular online file-sharing software eDonkey has agreed to pay $30 million to avoid potential copyright infringement lawsuits from the recording industry, according to court documents. New York-based MetaMachine was one of seven technology firms to receive letters from the recording industry last fall warning them to shut down or prepare to face lawsuits.

  • Read the article: Wired News