Grokster Shuts Down Service for Swapping Files and Settles With Entertainment Industries

Grokster, the company that became a flashpoint in a protracted legal battle over online music and movie piracy, stopped distributing its peer-to-peer software last week as part of a settlement with record companies and movie studios.

The shutdown, announced on Grokster's Web site, brings the legal saga of the once-popular peer-to-peer network to an unceremonious close.

In a unanimous decision in June, the U.S. Supreme Court ruled that the company could be sued for copyright

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