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Friday, May 29, 2015

BMI, Pandora Documents Unsealed

BMI, Pandora Documents Unsealed
May 29th 2015, 04:56
The ruling by Judge Louis Stanton granting BMI the right to collect 2.5% of Pandora's revenue (which will be appealed by Pandora) was handed down earlier this month. Yesterday a redacted version of the decision was unsealed (READ IT HERE). The case, which was argued on BMI's behalf by the law firm of Milbank, Tweed, Hadley & McCloy, amounts to a 43% increase from what Pandora was previously paying at 1.75%. Milbank's trial team was led by the firm's chairman, Scott Edelman, and the trial lasted five weeks.