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LimeWire, big record labels settle for $105M

May 13, 2011 12:00:00 AM PDT
The music file sharing software company LimeWire has settled its lawsuits with major record labels to the tune of $105 million.

LimeWire has been battling the music industry for several years.

Its software had enabled people to share songs and other files over the Internet.

The record industry has contended that software encouraged illegal sharing of copyrighted music.