Something from Infospace’s (Nasdaq: INSP) latest 10-Q filing for its Q2 earnings: that lawsuit that EMI (LON: EMI) filed against it early this year has seen some changes...from the filing: “The plaintiffs claimed in excess of $10 million in damages for the alleged breaches of contract, unspecified compensatory and punitive damages for the alleged fraud, and in excess of $100 million in statutory damages for alleged copyright infringement. After a hearing on a proposed motion to dismiss, EMI filed an amended complaint striking the fraud claim and the correlated requests for compensatory and punitive damages, and reducing the copyright infringement statutory damages claim from in excess of $100 million to “many millions” of dollars. The lawsuit is at its initial stages and the Company is conducting its factual investigation. Based on its knowledge to date, the Company believes that the plaintiffs’ claims are without merit and that it has meritorious defenses to them and intends to vigorously defend the suit, however, litigation is inherently uncertain and the Company may not prevail in this matter.”

• Infospace Protests On EMI’s Auditors On $100 million Ringtones Lawsuit
• Infospace Responds To EMI’s $100 Million Ringtones Lawsuit
• EMI Publishing Files $100 Million Lawsuit Against Infospace, Alleging Ringtone Abuse