ValCom Charges Megaupload with 42 Million USD for Copyright Infringements

As the saga between Megaupload and the United States government continues, lawsuits are destined to come down strong from creators and copyright holders associated with the filesharing sites found distribution selection. The amount of cash that the group ValCom, Inc. is seeking is just part of the massive half-billion in copyright losses and $175 million in proceeds total the US government has already calculated. ValCom $42 million in suspected criminal proceeds have been seized in Megaupload.com and related entities raids thus far.

"Together with our friends at Microhits, Inc., we have implemented an aggressive initiative to acquire back-due royalties and compensation to assure that we receive all revenues that are due to the Company. Our suit regarding Megaupload.com is one of many situations we have identified where ValCom is due compensation." - Vallardita