EXCLUSIVE 1:41 PM ET /// Grokster, lead defendants in the most important entertainment industry case to reach the Supreme Court in decades, is settling the three-year-old legal case with the nations major record companies, motion picture studios and music publishers. GROKSTER WILL SHUT DOWN SERVICE... Comes just four months after the Supreme Court's unanimous ruling in MGM vs. Grokster and on the heels of a rapid succession of similar international rulings in Korea, Australia and Taiwan; the music, movie and other copyright industries are declaring a major victory... Impacting...
