Judge Kimba Wood, who is hearing the claims for damages against LimeWire for unlicensed filesharing through its network, has told the music industry it needs to be realistic. The Register explains:
In an opinion published ahead of the damages hearings, Judge Kimba Wood revealed that the record companies, seeking statutory damages against the music-sharing service, are seeking damages predicated on the “number of direct infringers per work” – leading to a damages claim of as much as $75 trillion dollars (according to Wikipedia, total global GDP is around $69 trillion”).If only everyone took the time to work through the figures and spot that record companies seriosuly oversetimate their losses. Might stop bad laws being made to plug these trillion-pound crimes.
“The absurdity of this result is one of the factors that has motivated other courts to reject Plaintiffs’ damages theory”, the judge wrote.