BitTorrent tracker TorrentSpy was punished with one of the largest fines in copyright infringement history ($111 million) after a lengthy battle with the MPAA last year. TorrentSpy’s lawyer wants people to know that the business is bankrupt (after closing shop in March) and won’t actually be paying the fine. The reason he considers this important is he wants other businesses in this position to realize that the MPAA may flaunt this as a win but that it’s not necessarily so cut-and-dry. In addition to the fact that the MPAA won’t be getting any money from TorrentSpy, it’s notable that the fine was imposed only after TorrentSpy refused to turn over documents to the court and not as the result of what was actually found to be copyright infringement. This means that the case shouldn’t be considered precedent for other torrent sites that are battling the big guys. A case that could set precedent is the case against ISOhunt which is currently pending; the operator of the site says that the TorrentSpy decision has caused him some concerns about his chances in court but that he’s not about to give up the fight.