Limewire Founder’s Personal Finances Under Scope
Mark Gorton’s financial affairs will be debated in court the following month since record labels are pushing for tens of billions in damages. Being accused of facilitating illegal file-sharing and breaking copyright laws, Limewire was forced to close its gates at the end of the last year.
Now Gorton is blamed for refinancing Limewire’s budged back in 2005 by transferring assets to family limited partnerships in order to protect himself against lawsuits like this. The financial situation should only be involved in this court if a jury decides it’s necessary, said his defense.
Judge Kimba Wood, however, said the Recording Industry Association of America is free to bring Gorton’s financial affairs up in court. Claiming that Gorton thought his actions were legal back in the days as part of the defense has been already blocked by Wood. This is due to the refusal of Team Lime to share correspondence between their boss and his lawyers from that period.
The showdown of this sad comedy is to be seen next month.