The music publishers, which include Sony and Warner Music Group, sued LimeWire for copyright infringement last June. However, today all claims brought against LimeWire LLC and Chief Executive Mark Gorton were dismissed following a filing in a New York federal court.
LimeWire have so far made no comments in relation to the settlement and the figure was not disclosed, but it is understood that each side will pay its own costs incurred including attorneys' fees.
The music publisher's are (as always) pleased with the outcome and said "We are pleased this litigation is over... the parties worked hard to achieve a settlement that is a good result for all involved."
LimeWire will fight on as the case brought against them by 13 record companies is due on May 2."