With LimeWire backed into a proverbial corner after being found guilty of copyright infringement last month, a judge recently gave the peer-to-peer file sharing company two weeks of reprieve to the decide the future of its business operations.
Though the current position of the case is leaning toward a closure of LimeWire and its services, the company believes more time is necessary in order to properly plan. “We feel a permanent injunction is not the best course of action. It could hold back the creation of new digita-music technologies that LimeWire is in the process of developing, and [it] does not benefit the industry as a whole.”
If rewarded, The RIAA estimates monetary damages to top over a billion dollars.
