The Recording Industry Association of America (RIAA) and the Alliance of Artists and Recording Companies (AARC) formally dropped their lawsuit against Diamond Multimedia, the manufacturer of the controversial Rio portable MP3 player.
Last month, a federal appeals court ruled that the Rio is not in violation of anti-piracy laws, which no doubt contributed to the record industry's decision.
"The RIAA is pleased to bring a formal end to this legal process," said RIAA Senior Vice President and General Counsel, in a joint statement with AARC and Diamond Multimedia.
To read the new issue of Rolling Stone online, plus the entire RS archive: Click Here
POLITICS No Price Big Banks Can't Fix
Picks From Around the Web
blog comments powered by Disqus