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Megaupload, one of the world's most popular file-sharing sites, was shut down by federal prosecutors in Virginia following charges against its founder and others for violating piracy laws. An indictment accuses the company of costing copyright holders over $500 million in revenue for pirated music, television, movies, video games and other content. The company claims it had been diligent in responding to complaints from copyright holders demanding that material be removed from the site in accordance with the Digital Millennium Copyright Act.
This was just posted an hour ago, I'm sure more will come up about it.
EDIT: READ THE THREAD FOR MORE NEWS
U.S. Authorities Shut Down Megaupload for Piracy
Justice department drops the hammer on Megaupload, arresting its leaders, seizing hundreds of millions of dollars in property and blasting the popular file-sharing website in a 72-page indictment.
www.hollywoodreporter.com
This was just posted an hour ago, I'm sure more will come up about it.
EDIT: READ THE THREAD FOR MORE NEWS
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