Music Industry Announces Grokster Settlement
WASHINGTON, DC – The owners and operators of the Grokster peer-to-peer (P2P) network – the lead and most well-known defendants in one of the Supreme Court’s seminal decisions this year and the most profound case affecting copyright laws in two decades – have agreed to settle the three-year-old legal case with the nation’s major record companies, motion picture studios and music publishers. A consent judgment will be submitted to the court today for its approval.
