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RIAA, Stop Suing Tech Investors!

Posted by kdawson on from the stifling-innovation-in-the-crib dept.

The RIAA isn't just suing tens of thousands of music consumers; they've also begun filing lawsuits naming the directors of and investors in tech companies that they believe contribute to copyright infringement. NewYorkCountryLawyer writes: "ZDNet urges the big recording industries to stop suing tech investors, and cites the draft legislation that I posted, which would immunize from secondary copyright infringement liability any work done by a director in 'his or her capacity as a member of the board of directors or committee thereof,' and any conduct by an investor based solely upon his or her having 'invested in any such corporation, including any oversight, monitoring, or due diligence activities in connection therewith.'"

3 of 114 comments (clear)

  1. Legislation to protect *investors*, hell no by sam_handelman · · Score: 4, Interesting

    I should say - I think that this law suit is bollocks, obviously.

      But if you want to prevent this sort of thing, all you need is a law to indemnify inventors and distributors of technological devices and other services against contributory infringement. Why single out the investors and directors for legal protection?

      Investors and directors already have far too *much* indemnity against the actions taken with their money, generally speaking. This would set a terrible precedent, potentially causing tremendous harm to society in order to advance a very minor point of agenda.

    --
    The good and new comes from no quarter where it is looked for, and is always something different from what is expected.
  2. Go for it! by Anonymous Coward · · Score: 5, Interesting

    RIAA, we know you're running out of money, so by all means start suing well-heeled investors instead of grandmothers living off small pensions.

    Hell, I'll even recommend a few law firms that bill starting a grand an hour to help you out.

  3. Re:Silly proposal... by NewYorkCountryLawyer · · Score: 4, Interesting

    There are already laws in place to protect against the filing of frivolous lawsuits.

    Name them. (And once you do I will show you why every one you name is entirely ineffective to deter the filing of frivolous lawsuits.) The fact is there is big money in filing frivolous lawsuits and the Big 4 record companies are the best customers for this product. They have spent far more on it than they have on product development.

    --
    Ray Beckerman +5 Insightful