Record companies reach settlement with file-sharing site LimeWire

[JURIST] Several major record companies announced Thursday that they have reached a $105 million settlement with music file-sharing website LimeWire [website]. A judge for the US District Court for the Southern District of New York [official website] had issued a permanent injunction [text, PDF] in October to prevent the site from providing online users with the software necessary to share copyrighted files. The district court ruled that the Recording Industry Association of America (RIAA) [trade website] has suffered and continues…