Recording industry says LimeWire on hook for $1 Billion

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The record labels have told a federal judge LimeWire is liable for possibly “over a billion dollars” — the latest sign that the industry is seeking to annihilate the New York-based file sharing company.

The Recording Industry Association of America’s court filing Monday comes a week after the labels asked U.S. District Judge Kimba M. Wood to shutter LimeWire.

Full story: Recording Industry Says LimeWire on Hook for $1 Billion | Threat Level |