Court drops Jammie Thomas P2P damages from $1.9 million to $54,000

From Ars Technica:

"Judge Michael Davis is the senior federal jurist in Minnesota. He presides over the gleaming 15th floor courtroom where, earlier this year, P2P user Jammie Thomas-Rasset was slapped with $1.92 million in damages for sharing 24 songs. Davis made no comment on the amount of the award and showed no emotion as it was read out.
But now we know how he rely feels about the jury's work in that case: it led to a "monstrous and shocking" damage award that veered into "the realm of gross injustice."
Davis used his power of remittitur today to slash the damage award by 97.2 percent, from $1.92 million down to $54,000—and he suggested that even this lower amount was too high."