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.