Intellectual Property

Megaupload Gains Access to Some of Its Money

Strictly speaking, this doesn't help the U.S. government's intellectual property jihad

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New Zealand's High Court ruled on Wednesday that Megaupload can take out a NZ$6 million (US4.8 million) loan to pay its legal bills and rent for founder Kim Dotcom.

The advance will be secured against $10 million in New Zealand government bonds held by Dotcom but which have been frozen since April by a court order, according to the ruling by Justice Judith Potter.

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