Limewire settles record label suit paying out $105 million

P2P file-sharing service LimeWire has agreed to pay $105 million to the record companies responsible for shutting it down in October last year, settling a five year-long lawsuit against the now-defunct company.

Using its application for Windows and Mac, users could use LimeWire to share and download files such as music, movies, and software across its peer-to-peer based file sharing network, which at its peak spanned across tens of millions of users.

Judge Kimba Wood ruled in a U.S. District Court in Manhattan last May that the service was found liable for copyright infringement and had “wrongfully assisted users in pirating digital recordings.” On their part, the company never made any admissions of wrong doing, but are said to be “pleased that this case has concluded.”

The record labels involved in the lawsuit, who were originally seeking damages of up to $1.4 billion, included Arista, Atlantic, BMG Music, Capital, Elektra, Interscope, Laface, Motown, Priority, Sony BMG, UMG, Virgin and Warner Brothers.

The service is unlikely to make a come back, although alternative services built on Gnutella, the backend P2P protocol which powered its file-sharing network, have since made an appearance.