Hopefully, it teaches you to not expound on the law when you don't know much about it. It's generally a good idea to read through a thread before you post to it. I have gone to considerable pains in this thread to make sure that those who, like you, feel the need to hold forth on topics about which they know little, don't mislead the musicians and composers who rely on this site for accurate information.
Parody (if it is a parody) is a complete defense to copyright infringement and incurs no "penalty" whatsoever. Potential liability is greater for intentional infringement than non-intentional infringement.
He was sued, but he did not lose, i.e. he was found not to have infringed. He was, however, initially denied his attorney's fees. The case went to the Supreme Court, which reversed and remanded, holding that a double standard in awarding fees as between prevailing plaintiffs and prevailing defendants is unjustified. See, Fogerty v. Fantasy, 510 U.S. 517 (1994). You can read the opinion here: Fogerty v. Fantasy, Inc., 510 U.S. 517 (1994).
