The LokitTorrent shut down has stirred up a tremendous amount of speculation regarding the events surrounding this closure. Initially, the LokiTorrent website posted a notice that it was being sued by the Motion Picture Association of America (MPAA.) Instead of folding like most other BitTorrent sites, it decided to fight back.
Over the course of December and January, LokiTorrent raised over $40,000. However, this amount of money would not be nearly enough to fight off the MPAA juggernaut, and LokiTorrent owner Ed Webber found his $40,000 evaporated on lawyer fees.
Because of the gag order imposed on Ed Webber, he was unable to defend himself from wild criticism that ensued. Some stated he simply ran off with the money, while others condemned him for giving up the server logs. Others suggested the entire event was completely manufactured.
Putting any speculation the LokiTorrent closure was somehow false, the settlement document is now available on PACER (Public Access to Court Electronic Records.) PACER is a service that allows public access to court documents.
The Consent Judgment and Permanent Injunction include 13 points that Ed Webber must agree to. A Consent Judgment refers to a settlement that did no hear any arguments before a court or Judge. Basically, the two sides agreed to the settlement and the Judge signed the document. The points for the settlement include:
Defendant shall pay damages to Plaintiffs in the amount of One Million Dollars ($1,000,000).
Read the complete story @ Slyck News
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