While Howard Stern and Sirius XM (NASDAQ:SIRI) certainly do not agree on whether or not Stern and his agent, Don Buchwald, are entitled to additional bonuses, they have come to an agreement on the desire to keep certain documents in the case private. I guess you could say that Howard wants Private Parts (perhaps not… → Read More
As we reported here last week the Blessing vs. Sirius XM class action suit had the Proposed Settlement receive preliminary approval. It is this suit which has had Sirius XM to agree to freeze prices until at least January of 2012. As part of the proposed settlement a website, satelliteradiosuit.com, has been launched. The site… → Read More
This morning I attended the Sirius XM annual shareholder meeting. During the meeting Mel Karmazin announced that Sirius XM would be filing a Motion for Summary Judgement on the Howard Stern lawsuit. The court records, submitted later that day, show that there were many filings including the motion and supporting documentation. One legal matter is… → Read More
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Sirius XM’s Mel Karmazin announced that they would be filing a Motion For Summary Judgement in the Howard Stern lawsuit later today. While such filings are common, judges rarely dismiss a case at this stage. Karmazin stated that the company feels strongly about their position and the motion for Summary Judgement is part of the… → Read More
As we reported earlier today, there has been new information released in the Blessing vs. Sirius XM class action suit. The new filing gives preliminary approval to the proposed settlement, details information about how the class will be informed, and establishes a date for a hearing on the matter. The new filing, linked to in… → Read More
The class action suit that reached a proposed settlement last week has seen new action. The latest is a preliminary approval. A hearing has been set for August 8, 2011. The purpose of the Settlement Hearing will be to determine whether the proposed Settlement on the terms and conditions provided for in the Agreement is… → Read More
In yet another suit filed against Sirius XM, allegations surrounding the merger and the company’s pricing plans seems to be the center of attention. The latest is a lawsuit brought by Michael Shenk against the Board of Directors and Sirius XM Satellite Radio as a nominal defendant. The first thing to understand here is that… → Read More
Fire Mel Karmazin? Is someone out there crazy? He is a legend in the media business, and has turned around Sirius XM after what had been a difficult merger process that nearly bankrupted the company. Who would ever ask that Karmazin be fired? Well, that is what Robert Michael Shenk is doing in a new… → Read More
In a move that was widely anticipated, Sirius XM Satellite Radio (NASDAQ:SIRI) has settled a class action lawsuit brought against it. Class action suits that reach a trial date without dismissal are often settled. The settlement, like many sees the attorneys getting the most benefit, but there are some aspects of the settlement that can… → Read More
There is new news in the Howard Stern lawsuit against Sirius XM, and it is quite interesting. The company admits that many facts alleged by Stern, Buchwald, and One Twelve media are indeed accurate, and contends that the lawsuit centers on one pivotal issue. That issue is whether XM subscribers should be counted in the… → Read More