Word: warners
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...jury found that Joel Tenenbaum, 25, willfully infringed on the copyrights held by companies including Sony and Warner Bros and awarded the companies $22,500 per song downloaded. The jurors—instructed to decide only the willfulness of Tenenbaum's actions and the amount of damages to be paid—reached their conclusion in about three hours last Friday...
Lemnis co-founder Warner Philips, whose great-grandfather started the lighting giant Philips Electronics, says that despite the sticker shock, demand is surging for Lemnis' LEDs. One early adopter is Google, which recently bought 25,000 bulbs from the Netherlands-based company. So far this year, Lemnis has received orders for 3 million Pharox bulbs, mostly from Europe; it will start selling them online...
...Harvard Law School professor Charles R. Nesson '60, Tenenbaum's lawyers had said they would argue that downloading songs for non-commercial purposes constituted "fair use" of copyrighted material. If so, the plaintiffs--several large recording companies including Sony and Warner Bros--would not be justified in claiming millions in damages...
Nesson, who co-founded the Berkman Center for Internet and Society in 1996, is expected to defend his client by challenging the constitutionality of the damages Tenenbaum faces. Nesson has argued that the RIAA and the plaintiffs—which include Sony and Warner Brothers—are "seeking to punish him beyond any rational measure of the damage he allegedly caused," and such a punishment would violate the 5th and 8th Amendments...
...Street bankers understand that they are liquid people. It's part of their culture. I had bankers telling me, "I might not be at my job next year so I'm going to make sure to get the biggest bonus possible." I had bankers who advised the AOL-Time Warner merger saying, "Oh, gosh, this might not work out, but I probably won't be here when it doesn't work out." I looked at them like, "What?" Their temporality is truncated...