In the midst of their jury trial, the company behind the defunct LimeWire client and the RIAA settled their dispute out of court. Limewire will pay $105 million to compensate the major music labels for damages suffered. A moment of justice for the music industry, but not necessarily for the artists. The recouped money is destined for reinvestment in new anti-piracy efforts and will not be used to compensate any artists.

According to the injunction that shut down LimeWire last year, the company “intentionally encouraged infringement,” its software was used “overwhelmingly for infringement” and the company knew about the “substantial infringement being committed” by LimeWire users.

The evidence further showed that LimeWire marketed its application to Napster users and that its business model depended on mass copyright infringements.

More: http://torrentfreak.com/limewire-pays-riaa-105-million-artists-get-nothing-110513/