limewire P2P software company Limewire finally lost in court vs. major recording companies. Mark Gorton chairman of limewire has been found liable for inducing copyright infringement. But LimeWire won’t be shut down right away. First the record labels and LimeWire will meet with Judge Kimba Wood in June to determine what next steps may be taken, perhaps an award for damages?

Over 200 million copies of LimeWire’s P2P file-sharing program has been downloaded. This could suggest that LimeWire will be going the way of Napster who was essentially ‘sued out of existence’. Napster of course is now owned by Best Buy and has legit deals with all major recording companies.