Category
page 1Companies that filed for Chapter 7 bankruptcy in 2002
Napster
Napster was an American proprietary peer-to-peer (P2P) file sharing application primarily associated with digital audio file distribution. Founded by Shawn Fanning and Sean Parker, the platform launched on June 1, 1999. Audio shared on the service was typically encoded in the MP3 format. As the software became popular, the company encountered legal difficulties over copyright infringement. Napster shut down in 2001 following a series of lawsuits and subsequently filed for bankruptcy in June 2002.
Alaska Aces
ice hockey team