Intellectual Property

Megaupload Gains Access to Some of Its Money

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


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.