NY Times: Music Industry Wins Ruling in U.S. Court

[ Thanks to Kevin Reichard for this link. ]

"Shares of MP3.com, a leading Internet music company, plunged by nearly 40 percent in Nasdaq trading after the judgment was released yesterday. Although financial damages, if any, would be determined later, the decision could have a drastic impact on the three-year-old company, best known for operating a Web site where unsigned artists distribute their music free."

"The company said it would appeal the decision."

"The suit is one of various legal actions that the recording industry has taken against online music companies that the industry contends are violating copyrights. A separate case is still pending in federal court in San Francisco against Napster, a company in San Mateo, Calif., that enables users to easily find and copy music from one other over the Internet, with little regard to copyrights."

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