Andre Yoskowitz
10 May 2008 18:31
Just days after being hit with one of the largest fines in copyright infringement history, a lawyer for the now dead torrent search engine TorrentSpy has said the business is bankrupt and they will not be able to pay the fine.
The fine, $110 million USD, was ordered two days ago by a judge, following a high profile case brought forth by the Motion Picture Association of America (MPAA).
Because the site refused to turn over any internal documents the judge also ruled that the site can never go online again.
According to attorney Ira Rothken the owners of TorrentSpy have filed for bankruptcy protection in England "and have no appreciable assets."
"This was a Hollywood publicity stunt," Rothken added.
While the site is set to appeal the ruling, the MPAA says it is still going to go after the cash and hopes the ruling will serve as a reminder that they are still on the prowl.