I see that the recording industry are receiving the same medicine they force others to swallow, the frivilous lawsuit.
http://news.zdnet.com/2100-1040_22-6069376.htmlIn documents filed with the Securities and Exchange Commission, Warner Music said the company has been named in 14 class-action lawsuits, most of which allege a "conspiracy among record companies to fix prices for downloads."
"The company intends to defend against these lawsuits vigorously," Warner Music said in its quarterly statement filed Friday.
The accusations come three months after Elliott Spitzer, New York's attorney general, began investigating whether several of the big music companies agreed to fix download prices. Such an agreement would violate antitrust laws.
Warner Music reported in its filing that it expects the 14 lawsuits to be consolidated into one.
I,m sure there are some grounds to support this suit and look forward to them paying 1047 times the damages per track, the same amount they extort from file sharers threatened with legal action, perhaps if more folks sued them for monopolistic activity then they would go bankrupt.
