PRINCETON, New Jersey -- A Princeton University student has settled a suit with the recording industry which claimed he was operating a network for illegal trading of copyrighted songs, attorneys for the student said on Thursday.
Attorneys Howard Ende and Melissa Klipp said the settlement was reached between the Recording Industry Association of America and 18-year-old Princeton University student Daniel Peng. Under terms of the settlement, Peng will make a monetary payment to the recording industry over a period of several years.
The lawyers said Peng made no admittance of guilt, but promised not to knowingly infringe by use of the Internet the record companies' copyrighted works, except under certain specified circumstances.
Peng also promised to shut down his wake.com site, except to include a statement the site was closed and to provide a link to an industry website.
Last month, the trade group filed suit against four students on three college campuses where it claimed there were networks for the illegal swapping of music.
The RIAA is the trade group for the big five labels; AOL Time Warner, EMI Group, Bertelsmann AG, Vivendi Universal's Universal Music and Sony.
