According to this AP story, online video sharing company Veoh filed a pre-emptive lawsuit in San Diego against Universal Music Group asking the judge to find that Veoh does not violate UMG's copyrights.
Veoh argued that it is entitled to protection under the "safe harbor" provision of U.S. copyright law because it doesn't encourage its users to infringe copyrights and goes beyond current legal requirements to investigate and remove infringing material when notified to do so.
Stay tuned.