Record Companies Want Court to Freeze LimeWire's Assets

Thirteen big record companies want to freeze assets of the provider of popular file-sharing service LimeWire, accusing its founder of fraudulently trying to evade hundreds of millions of dollars in damages over copyright infringement. In papers filed in Manhattan federal court, lawyers for the record companies said Gorton has moved "significant" assets, including nearly 90 percent of Lime Wire's ownership stakes, to an entity he "openly" hopes will be shielded from damages that could top $1 billion.