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In short, the woman in question was accused of downloading 24 songs illegally. This was the first case of copyright infringement of its kind to actually go to trial. This was actually the second trial, but the first one (where she was fined $220K) was thrown out and a new trial ordered after an error in the jury instructions. Basically she was fined $80K per song, which totaled to $1.9 million.
So, the question is, what kind of repercussions will this have? Could this embolden the RIAA and other industry organizations to actively pursue people for large sums of cash? Will we be see more cases like this soon?