Morissette To Sell 100,000 Shares Of MP3.Com
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emailAlanis Morissette has filed with the Securities and Exchange Commission her intention to sell 100,000 shares of her MP3.com stock.
The shares make up about a third of her total MP3.com holdings, which she acquired in April 1999 for 33 cents per share, according to Reuters. MP3.com's stock closed on Monday (5/15) at just under $13 a share.
According to Billboard, MP3.com has a "consulting relationship" with Morissette's management company. The online music site sponsored an Alanis Morissette -Tori Amos tour last summer.
On April 28, as defendant in a lawsuit filed by the Recording Industry Association of America, MP3.com was judged liable for copyright violations.
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