According to a report filed by The Wall Street Journal, peer-to-peer networking site LimeWire and several major record labels may be working on an out-of-court settlement in a copyright infringement case from 2006. “Lawyers for several major record labels have held at least three settlement conferences with representatives of a file-sharing service that they sued for copyright infringement, according to a federal court docket entry, indicating that the two sides may reach an agreement on a financial penalty instead of waiting for a jury award,” reads the report. LimeWire was found guilty of allowing users to upload and share unlicensed, copyrighted materials over its network. Arista Records, Warner Music Group, Universal Music Group, and EMI Group are all named plaintiffs — LimeWire and its founder, Mark Gorton, are named as defendants. Representatives from the two camps did not respond to the WSJ’s request for comment.