MPPP: Judge Rules Against in Universal Suit - TheStreet

A U.S. District Court today ruled that online music company's (MPPP) copyright violation against Universal Music Group, the world's largest music group, was "willful". Universal is controlled by Seagram (VO) - Get Report.

Anticipating a negative ruling, investors were dumping the stock all morning. Before the trading was halted at 1:54 p.m., was down 8.03% on the day.

Time Warner's


Warner Brothers music group;

Sony Music Entertainment



, the music unit of


; and

EMI Group

have all reached settlements with that allow their music to be used in the database.

wrote about the trial in an earlier

story and also covered the

settlement MP3 made with


(SNE) - Get Report