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An article from BNO News has recently reported that LimeWire has been shut down by a U.S. court on claims that the site was used for infringement. LimeWire is notorious for allowing its users to download music without paying for the file, which begs the question, is this legal? The Recording Industry Association of American, which represents several important record labels such as Sony, EMI, Universal, and Warner filed a lawsuit against LimeWire in 2006 stating that the company was allowing downloading of illegal music, violating the terms of the music's copyright. Since these record labels own the copyrights to the majority of the music that was being distributed, they were losing money and business because they were not getting paid for the use of their music. Lime Group, the company that owns LimeWire, continues to function otherwise, it is just this subsidiary that has been ceased to conduct business. Although the future seems bleak for LimeWire, its CEO remains optimistic.

On October 27, 2010 a very popular music sharing application called Limewire was shut down due to copyright infringement. BNO news reported the story to wireupdate.com and the a few record labels like SOny, EMI, Universal and Warner filed a lawsuit against Limewire in 2006 so this is nothing new for the file sharing company. The Lime Group CEO and owner of Limewire George Searle said "challenging time, we are excited about the future." So he seems to have a good outlook on the future eeven though his company is going through this touch time.

There's a Website set up where you can check on your unlaimed funds. Related Stories Soundcheck: Hangin' Out With Paper Route Fashion Week: Not Dead! Super Bowl Planner: Drink Specials to Special Sandwiches You can also go to the State's website or call 1-800-221-9311. If you find a lot of money, NBCNewYork.com wants to know. Leave your comments below, and then let us know your story by emailing here. Post a Comment Print Email Share Share Del.icio.us Buzz up! MySpace Digg Fark Facebook First Published: Feb 5, 2009 4:17 PM EST Business News Most Commented Most Viewed Most Recent Specialized TV Stations Feb 5, 2009 6 Comments Average Gas Price in NJ Up to $1.75 Feb 4, 2009 1 Comment Time Warner to Layoff 1,250 Workers Feb 4, 2009 3 Comments Wells Fargo - NOT Blowing Your Bailout Bucks in Vegas Feb 3, 2009 62 Comments Show Me the Money: Find Your Unclaimed Funds 4 hours ago Take a Tour of the New Site! Nov 18, 2008 33 Comments Stocks Plunge as Gov't Unveils Financial Plan Feb 10, 2009 18 Comments Nine-Year-Old Whiz Kid Creates iPhone App Feb 5, 2009 8 Comments Five Reasons the Markets Don't Like the Bank Bailout Feb 10, 2009 1 Comment Secret KFC Recipe Gets New Hi-Tech, Secure Digs Feb 10, 2009 3 Comments AC Casino Revenues Down 9.4 Percent in January Feb 10, 2009 Smith: Ratner's Atlantic Yards Stimulus Shakedown 3 hours ago

Controllers of the Media Good list with descriptions