Record Labels Sue Spanish P2P Pioneer For $20M

elguillelmo writes: Promusicae, the Spanish record industry association, affiliate of the International Federation of the Phonographic Industry (IFPI) has sued MP2P Technologies and its founder, P2P pioneer Pablo Soto, for $20 million, citing unfair competition. Soto is behind the recently launched Omemo, an open source social media storage platform that allows users to share files anonymously and the MP2P protocol, among other developments.
"We intend to vigorously defend ourselves against this shake down attempt by the major label cabal," has said Pablo Soto in a statement published in his blog (in Spanish, Google translation), "Rather than embracing technology, they have chosen a path that will ultimately lead to their own demise".