Wired News: Red Cross Caught in P2P Fracas

Wired News: Red Cross Caught in P2P Fracas: "Red Cross Caught in P2P Fracas

By Patrick Gray | Also by this reporter Page 1 of 1

09:20 AM Dec. 17, 2004 PT
MELBOURNE, Australia -- The recording industry will ask the International Red Cross to freeze a trust fund allegedly controlled by the owners of Sharman Networks, an Australian software company.
The music industry maintains that Sharman, the maker of the Kazaa peer-to-peer software, is owned by several companies through a trust fund registered in the Pacific island nation of Vanuatu. The Red Cross is the only beneficiary specifically named in the trust, so the recording industry, which is suing Sharman, is asking the organization to voluntarily freeze the fund until a verdict is reached in the Australian Federal Court. "