
Following the settlement with the recording industry, BearShare's assets, including the domain name and list of BearShare users, were sold to iMesh, which has had it's share of problems with RIAA in the past.
The Recording Industry Association of America praised the ruling made last year by the Supreme Court in the Grokster case. "The (Supreme) Court's decision helped pave the way for this exciting and ongoing transformation of the digital music marketplace," said RIAA's general counsel Steven Marks in a statement. "This is another important step in that evolution."
Sources:
Chron.com
ZDNet