A huge coalition of recording labels has sued the world's leading YouTube ripping site. The IFPI, RIAA, and BPI in the UK say they are taking legal action against YouTube-MP3 to protect the rights of artists and labels. The site has a reported 60 million monthly visitors and is said to be "raking in millions" in advertising revenues.
Last month, the 4th Circuit Court of Appeals rejected efforts by Kim Dotcom to regain control over millions of dollars in assets seized by the US Government. Yesterday, Dotcom's legal team petitioned the Court for a rehearing and rehearing en banc on the issues of forfeiture of assets and fugitive disentitlement.