Spanish company Puretunes.com, which briefly offered music in MP3 format for a very low price, has reached a legal settlement with RIAA. The company will pay $500,00 in damages, while the holding company that was responsible for the operations will pay $10 million.
"Puretunes.com duped consumers by claiming it was a legitimate online music retailer when, in fact, it was no such thing," RIAA President Cary Sherman said in a statement. "It's essential for the integrity and security of the legitimate online music marketplace that imposters like Puretunes.com are held accountable."
Several similar MP3 sites are still in operation, One of the best known is Russian ALLOFMP3.com.
Source: News.com












