We all remember how the RIAA went after LimeWire when it could not make enough out of people and especially students. Greg Sandoval at the CNET blog on Digital Entertainment writes,
In March, U.S. District Court Judge Kimba Wood ruled that Lime Group, parent company of Lime Wire and founder Mark Gorton are liable for copyright infringement by enabling and “inducing” users of the file-sharing software LimeWire to pirate songs from the four major record companies.
Mark Gorton created LimeWire and he happens to be the founder of Lime Group. The RIAA has an ongoing case against the company from 2007 and has tried to freeze all assets of Gorton. However, recently, RIAA accuses Gorton of having moved asset into private family trust.
The judge ruling this case has denied freezing these assets. However, LimeWire will not stay here for long and in all probability, it will be shut down and the assets frozen. Apart from that, it would also have to pay fines amounting in billions of dollars.