It's been a long battle, but the owner of BitTorrent search site IsoHunt has decided not to go to court, and has instead decided to shut down the company and cease operations. In doing so, IsoHunt founder, Gary Fung has also accepted a judgement that it must pay the MPAA $110 milion in damages.
The studios sued Fung and IsoHunt way back in 2006, and in 2009 despite a federal injunction against the site, IsoHunt perservered and continued to operate using private servers hosted in Canada.
In March of this year, an appeals court ruled against IsoHunt and stated "there is more than enough unrebutted evidence in the summary judgment record to prove Fung offered his services with the object of promoting their use to infringe copyrighted material." It also concluded that IsoHunt was not eligible for protection under the "safe harbor" provision of the Digital Millenium Copyright Act, stating the site had "red flag" knowledge of infringement and that through advertising on the site, they were profiting.
The site will look to cease all operations before Oct 23rd 2014
You can read more into the story over at Techdirt