FWIW the Open Rights Group
doesn't seem to have a problem with how Newzbin was being pursued in the courts. Their only objection was the use of censorship and blocks to shut it down.
And yeah, they did have a lot of pointers to um..."interesting" stuff?
Also note what the operators were saying in their announcement. It seems the amount of money needed to run NB2 was
never really there to begin with - even before the blockade. Which is understandable when you consider that people are generally reluctant to send money (which can always be traced back) to sites engaged (or even merely
accused of being engaged) in questionable activities. Because if you do contribute, you could find yourself personally in trouble for abetting if the eggnog ever hit the fan.
So...
nope. I think it's more they decided to cut their losses and walk away while they still could. And this action against them only accelerated their inevitable shutdown.