Bearshare has become the latest peer-to-peer network to bow to the music industry in the wake of the Supreme Court's ruling against Grokster. The file swapping service, a unit of Free Peers Inc., and

Bearshare has become the latest peer-to-peer network to bow to the music industry in the wake of the Supreme Court's ruling against Grokster. The file swapping service, a unit of Free Peers Inc., and its principal owners Vincent Falco and Louis Tatta on May 4 entered into a $30 million pact with the Recording Industry Assn. of America to settle digital piracy charges levied against the company.

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