Canwest to Pay Up to C$7.5 Million to Settle Lawsuit
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Canwest Global Communications Inc., the Canadian media company in bankruptcy protection, agreed to pay as much as C$7.5 million ($7.1 million) to settle a group suit by freelance writers who claimed republication of their work on the Internet broke copyright laws.
Because the company is in bankruptcy protection, the writers will be allowed to file a claim for the settlement amount and share in the distribution to creditors, either in cash or shares of a new company, said Peter Osborne, lawyer for Canwest’s management directors.