Two recording companies, Universal Music Group and EMI Recorded Music, filed suit recently in the U.S. District Court in Los Angeles against the venture capital firm, Hummer Winblad Venture Partners (the "VC"), accusing the VC of contributing to widespread Internet music piracy through its financial support of Napster in the form of a $13 million investment. This lawsuit is one of a number of lawsuits that have arisen after Napster sought bankruptcy protection in June of 2002.
For additional information, visit:
http://www.gigalaw.com/newsarchives/2003_04_22_index2.html#200181175
Summary by: Javad Heydary
E-TIPS® ISSUE
03 04 24
Disclaimer: This Newsletter is intended to provide readers with general information on legal developments in the areas of e-commerce, information technology and intellectual property. It is not intended to be a complete statement of the law, nor is it intended to provide legal advice. No person should act or rely upon the information contained in this newsletter without seeking legal advice.
E-TIPS is a registered trade-mark of Deeth Williams Wall LLP.
