In october last year, the file sharing service LimeWire was shut down for good. The Lime Group, which developed Limewire, has now agreed to pay $105 million to 13 music firms.

This amount is a lot lower than the billion dollar bill for damages that the Recording Industry Association of America (RIAA) originally demanded. Mitch Bainwol, chairman of the RIAA , which represents the record labels, said that the organisation was very pleased with the final result.

“This hard fought victory is reason for celebration by the entire music community, its fans and the legal services that play by the rules,” he said.

The trial has been ongoing since 2006 and Limewire was eventually shut down in 2010.

(via, BBC News)