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MP3.com Soars 49.3% Despite Copyright Infringement Lawsuit

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MP3.com

(MPPP)

was up 43.9% in midafternoon, despite a new class action accusing it of copyright infringement. Shares in the online music service jumped Wednesday after it settled a previous case with

Universal Music

, a unit of

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Robertson Stephens

was reportedly upgrading MP3.com to long-term attractive from market perform.