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Another P2P is out of business. One by one all the Peer to peer companies are falling to the legal sword of the music companies.

The parent company of popular file-sharing network eDonkey has agreed to pay $30 million to settle a copyright infringement case brought by six music labels, according to court documents filed this week.The settlement follows a federal district court ruling earlier this week that dealt what appears to be final blow to MetaMachine’s peer-to-peer (P2P) client eDonkey; the eDonkey Web site has since been taken down.A judge in New York’s southern district ruled Monday that eDonkey facilitated illegal activity by allowing users to swap copyrighted material over the eDonkey2000 network. Another MetaMachine creation, a decentralized P2P network called Overnet, was also ruled illegal.

File-sharing site eDonkey kicks it | CNET News.com

technorati tags:edonkey, p2p, music