The four founders of a Swedish file-sharing web site have been jailed for a year each and handed down a 2.7 million euro fine.The verdict sets a precedent in the case between major movie studios and The Pirate Bay, one of the world’s most popular file-sharing web sites. It could signal a step toward helping music and film companies seeking to recoup millions of dollars in revenues lost to illegal downloads. The accused denied the charges. They maintained that since no copyrighted material is stored on The Pirate Bay’s servers and no exchange of files actually takes place there, they cannot be held responsible for what material is being exchanged. However, the prosecution said that by financing, programming and administering the site, the four men promoted the infringement of property rights by the site’s users.