Yesterday we broke the news that Sirius XM had emerged victorious in the lawsuit filed by Howard Stern and his agent Don Buchwald. The Judge in the matter, Barbara Kapnick, ruled in favor of Sirius XM’s request for summary judgment and dismissed the case with prejudice. Contrary to rumors circling the Internet, Stern can, and… → Read More
The news will certainly send shock waves through the media as Howard stern has just lost his epic battle with Sirius XM Satellite Radio (NASDAQ:SIRI). The suit, filed over a year ago, had some tantalizing tid-bits of the history of the Howard Stern deal with Sirius, the merger with XM, and of course the massive… → Read More
The Sirius XM (NASDAQ:SIRI) anti-trust lawsuit against SoundExchange for blocking Sirius XM from cutting direct deals with record labels has hit its first hurdle, and the case is only a couple of weeks old. The deadline for a response to the lawsuit from SoundExchange as well as the American Association of Independent Music has been… → Read More
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It had been a while since Sirius XM has had any big news on the legal front but a new class action lawsuit has been filed in the state of California. At first blush this suit seems to be not a very big deal, but some of the numbers (unverified) presented could indicate that the… → Read More
It is a good day for Liberty Media’s John Malone. Until now he had remained the only person named as one that was unjustly enriched in the Shenk shareholder lawsuit against Sirius XM. Other board members that had the accusation leveled against them had it removed in pretty short order, but Malone was never… → Read More
While a massive settlement by an investment bank would send ripples through the market, the recent rejection of an SEC vs. Citigroup settlement may be of particular interest to investors in Sirius XM. In a scathing decision, Judge Jed S. Rakoff rejected a proposed $285 million settlement between the SEC and Citigroup, citing that the… → Read More
I had warned that this would happen and now it has. Several appeals have been filed in the Blessing vs. Sirius XM lawsuit that reached a settlement a bit over a month ago. The appeals were filed by several of the parties that objected to the proposed settlement that was approved by the court. As… → Read More
It was just a month or so ago that a decision was reached on the settlement agreement in the Blessing lawsuit against Sirius XM, and only a few weeks since Sirius XM (a nominal defendant in the case) lost their motion to dismiss the Shenk case. Now, both cases are heating up, and despite a… → Read More
Just a week after the settlement of the Blessing case was approved by one judge, another gives Sirus XM some news that they were hoping not to hear. The Shenk lawsuit against Sirius XM will be able to continue moving forward. In his ruling Judge Rakoff did dismiss some of the claims brought by Shenk,… → Read More
The news broke late this afternoon. The judge in the Blessing Class Action suit against Sirius XM has made his decision and the proposed settlement reached over a month ago is now approved. That is great news for investors in Sirius XM, but the process may not be over. I have on decent authority that… → Read More