Supreme Court won't block antitrust suit against labels
The U.S. Supreme Court has decided that a lawsuit, filed by a group of online music buyers who allege the four largest record companies conspired nearly a decade ago to fix prices of songs sold online, can now move forward.
The high court on Monday declined to hear an appeal by the labels--Universal Music Group (UMG), Sony Music Entertainment, Warner Music Group, and EMI Group--to block the suit, according to reports by Bloomberg and Reuters. Instead, the decision by a federal appeals court that the plaintiffs had supplied enough evidence to sue the labels will stand.
The lawsuit by … Read more