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By the same time we heard about TorrentSpy having the axe brought down upon them with a massive $111 million judgment against them, they have opted to appeal. The attorney representing TorrentSpy claims that the $111 million figure was solely picked by the Judge to draw attention to the case, and points out that TorrentSpy is a company with no real assets and that is already bankrupt.
However, TorrentSpy faces more than just charges for aiding piracy. They have also been accused of destroying evidence, which makes things more convoluted, and may have played a part in the atrociously large $111 million sum.