News

Digital Notes: Dogged by Lawsuits, MP3Tunes Files for Bankruptcy - New York Times Blogs

05/10/12

On Thursday, the company announced that it had filed for bankruptcy in federal court in San Diego. In court papers, it listed $7,800 in assets and $2.1 million in liabilities. MP3tunes was founded by Michael Robertson, an entrepreneur who in the ...

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Wolf Creek resort up for auction - Ogden Standard-Examiner

05/10/12

EDEN -- Wolf Creek Resort will be sold to the highest bidder June 1 to pay creditors as part of a Chapter 11 bankruptcy plan filed in 2010. The auction will take place at 1 p.m. at the resort at 3926 N. Wolf Creek Drive in Eden. Bidders must ...

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Hostess warns of job cuts if bankruptcy exit fails - Winston-Salem Journal

05/10/12

Hostess, which makes Twinkies, Sno Balls and Wonder Bread, re-entered Chapter 11 bankruptcy protection Jan. 11 — its second filing in less than a decade — as part of a tactic to lower labor and operational costs amid increased competition.

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Digital Notes: Dogged by Lawsuits, MP3Tunes Files for Bankruptcy - New York Times Blogs

05/10/12

In a statement, an EMI spokesman noted that despite the bankruptcy, Mr. Robertson was still a defendant in the case. ”As such, he is facing personal liability both for infringements that the court has already determined have occurred and for ...

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Toyota Tops GM in Global Auto Sales - Businessweek

05/10/12

Toyota became the world’s largest automaker by unit sales in 2008, as the U.S. market collapsed and GM slid toward its 2009 bankruptcy. GM regained global leadership last year and Wolfsburg, Germany-based VW jumped to second place as Toyota ...

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EMI says bankruptcy won't protect MP3Tunes from copyright suit - CNET News

05/10/12

While Robertson may believe that MP3Tunes will be able to escape liability in the upcoming trial through this bankruptcy, Robertson himself is still a named defendant in the case and the Court has already determined that both he and MP3tunes ...

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EMI Adds Insult To Bankruptcy In Misguided Gloating Over MP3Tunes Demise - Tech Dirt

05/10/12

We already wrote about EMI's success in bankrupting MP3Tunes via overly aggressive litigation. But, now the company has decided to add insult to bankruptcy with a bizarrely gloating statement provided to News.com's Greg Sandoval. Since November ...

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EMI says bankruptcy won't protect MP3Tunes from copyright suit - CNET News

05/10/12

EMI intends to go forward with its copyright suit against MP3Tunes and founder Michael Robertson though the music-locker service has filed for bankruptcy. Bankruptcy will not protect MP3tunes.com or founder Michael Robertson from answering for ...

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Whatcom posts significant drop in bankruptcy filings - Bellingham Herald

05/10/12

The number of Whatcom County residents filing for bankruptcy was significantly lower in April, according to the latest data. Last month Whatcom County had 50 bankruptcies, down from 72 in March and 82 in April 2011, according to the U.S ...

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Embattled MP3Tunes cloud locker files for bankruptcy - CNN Money

05/10/12

Veoh won multiple rounds of their copyright battle outright only to be forced into bankruptcy after spending $7 million on legal bills.” Robertson recently started another personal media service with potential for lots of controversy ...

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