Computerworld – A blogging lawyer discovered that the RIAA’s return on its legal fees has been negative. Very negative. Embarrassingly so.

Ray Beckerman has been digging about in the RIAA’s IRS returns:
Ha ha ha ha ha. … In 2008 … the RIAA paid Holmes Roberts & Owen $9,364,901 … Jenner & Block more than $7,000,000 … Cravath Swain & Moore $1.25 million. … There were many other law firms feeding at the trough too. … [But] better than the numbers for 2007, in which … $21 million was spent on legal fees … $3.5 million on “investigative operations”. … And [in] 2006 … $19,000,000 … [and] $3,600,000.

For a 3 year period, they spent around $64,000,000 … to recover around $1,361,000. … Embarrassing.

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