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Friday, March 28, 2014

A CHANGE OF FORTUNE: Michael Robertson is in deep doodoo after being found liable for infringing copyrights owned by the former EMI. The pre-bubble Internet music tycoon is on the hook for an estimated $41 million, though it could take until next Tuesday to figure out the exact amount of the award in the verdict issued by the federal jury in Capitol Records Inc et al v. MP3tunes LLC et al in Manhattan. The verdict came a week after the same jury found Robertson and the defunct cloud-storage company he founded in 2005 liable on various infringement claims. A lawyer for Robertson told Reuters he planned to appeal, saying that many of the claims against his client weren’t sustainable. (3/28a)

 
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