Latest in Business

Image credit: Nigel Marple / Reuters

Kim Dotcom sues the New Zealand government for $6.8 billion

If we pay him, does this mean we never have to hear about him again?
449 Shares
Share
Tweet
Share
Save

Sponsored Links

Nigel Marple / Reuters

Kim Dotcom, the founder of file-sharing site MegaUpload, is suing the New Zealand government for $6.8 billion dollars. According to the legal documents provided by the BBC, the claim covers the destruction of his business, loss of reputation, lost business opportunities, legal costs and lost opportunities on the home he was renting.

Dotcom has certainly lost quite a bit, as according to the BBC, MegaUpload would be worth around $10 billion if it were still operating today. Dotcom owned 68 percent of the shares of the company, which was shut down in 2012 in a raid at the request of the FBI. He claims that his arrest, and the subsequent shutdown of his company, was unlawful. "Under the NZ copyright act, online copyright infringement is not a crime," said Mr Dotcom said to the BBC.

Dotcom may soon be extradited to the US, where he stands to face copyright and money laundering charges. The hearing for that case is set for February 20th.

Source: BBC (1), BBC (2)
In this article: business, kimdotcom, megaupload, TL18BLNS
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
449 Shares
Share
Tweet
Share
Save

Popular on Engadget

Radiohead's online 'library' hosts rarities, art and merch

Radiohead's online 'library' hosts rarities, art and merch

View
Discovery shows early galaxies could have very short lives

Discovery shows early galaxies could have very short lives

View
Google CEO Sundar Pichai calls for 'sensible regulation' of AI

Google CEO Sundar Pichai calls for 'sensible regulation' of AI

View
The Morning After: Apple teams up with the creator of 'Bob's Burgers'

The Morning After: Apple teams up with the creator of 'Bob's Burgers'

View
FBI seizes site dedicated to selling data breach information

FBI seizes site dedicated to selling data breach information

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr