Napster CFO Gangwani Resigns
Napster has announced that Nand Gangwani has resigned as vice president and chief financial officer effective at the end of the calendar year. Mr. Gangwani has been commuting from his home in the Bay Area to Los Angeles for the last four years and has decided to step down for personal reasons. Suzanne M. Colvin, Napster’s vice president finance, and corporate controller, will serve as the Company’s interim chief financial...
US Justice Dept Aligns With RIAA Against Jammie Thomas
In an expected move, the US Justice Department stated that it will defend the constitutionality of the copyright law that a jury decided Jammie Thomas violated when she made 24 songs available on KaZaA, a popular Peer-To-Peer (P2P) file-sharing network. Thomas was fined $222,000 and is challenging the constitutionality of the penalty, which she feels is excessive. The US Justice Department issued a statement in a Minnesota court...
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