By Chris Thompson\The Big Money
After three years of court battles, the lawsuit between Google, the Authors Guild, and the Association of American Publishers has reached a settlement. In 2005, Google was all set to scan and post on the Internet significant portions of the University of Michigan library's content, including books that were still protected under copyright law. The Authors Guild and the American Publishers Association sued to stop the project, or at least compensate the writers that still owned the copyright to their works. Now, all parties have agreed to a settlement, in which Google will pay out $125 million, most of which will go into a fund to compensate authors.
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