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Aimster CEO declares bankruptcy

13 March 2002 9:19 by Petteri "dRD" Pyyny

MP3Newswire.net's article released today says that Aimster's CEO Johnny Deep has declared a personal bankruptcy. Deep's lawyer, George Carpinello, of Boies Schiller & Flexner LLP did tell the Albany Business Journal that Deep's bankruptcy filing "will result in an automatic stay of any cases he is involved in."

Deep's company Aimster has been in serious legal problems with AOL, RIAA, etc. It had to give up its domain name aimster.com to AOL in January and to rename the company to Madster. Also the legal process against RIAA where music industry claims that Aimster has violated its copyrights by allowing users to trade music freely over Aimster's P2P network, is still going on.

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Related articles:

  • Madster case headed to Supreme Court (9 November 2003)
  • Judge issues a temporary restraining order to Madster (4 December 2002)
  • Recording industry wins an injunction against Madster (4 September 2002)
  • Aimster changes name (25 January 2002)
  • RIAA vs Aimster case moves to Chicago (19 November 2001)
  • Aimster opens a subscription service (9 November 2001)
  • RIAA wants to reverse Aimster decision (30 July 2001)
  • Aimster in big trouble (4 July 2001)
  • Judge denied to dismiss Aimster's charges against music industry (26 June 2001)
  • AOL sued Aimster over trademark (22 June 2001)
  • RIAA sued Aimster (29 May 2001)
  • Aimster plans to fight for its domain name (23 May 2001)
  • Aimster loses domain name to AOL (21 May 2001)
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