posted by Thom Holwerda on Wed 23rd Mar 2011 22:16 UTC
"Does $75 trillion even exist? The thirteen record companies that are suing file-sharing company Lime Wire for copyright infringement certainly thought so. When they won a summary judgment ruling last May they demanded damages that could reach this mind-boggling amount, which is more than five times the national debt. Manhattan federal district court judge Kimba Wood, however, saw things differently. She labeled the record companies' damages request 'absurd' and contrary to copyright laws in a 14-page opinion." Wait, this is only five time the US national debt? Fascinating.