Today it was concluded that the three founders of the site are not the registered owners anymore. The site is in fact owned by and registered to a company called “Reservella” which is registered in Seychelles, and not any of the defendants named in the case.
It was further concluded that Fredrik, Gottfrid and Peter are broke, and that there are no assets that the record labels or any other the other plaintiffs can claim. This April the three were ordered to pay $905,000 in damages to compensate the entertainment industries, but it seems unlikely that the media moguls will see much of that.
via freakbits.com
Don't you just love happy endings?
8-)
