All I can remember of it was it was back in the days of Napster, I can't even remember if it was around the time of the Metallica thing, or before or after. And for all I know it was just an urban legend going around middle schools, warning kids not to pirate / steal music.
I can just vividly remember my friends and I talking about the 12 year old getting sued for millions by Disney because of the lion king sound track. Can't remember if I was in middle school, or high school by that point.