When is having money embezzled from you a profitable venture? When you get Treble Damages. That is exactly what happened on June 27th when Sirius XM won a default judgement in their suit against two former employees that embezzled $714,631 dollars from them. The two former employees, identified as Brenda Jones and Valencia Person, worked… → Read More
It is oft said that the wheel of justice turn slowly, but lately the opposite seems to hold true for Sirius XM Satellite Radio (NASDAQ:SIRI). The company, now profitable, is involved in a number of suits, one of the latest being the Joel Broida vs. Sirius XM Radio. Broida v. Sirius XM This is a… → Read More
It was only a few weeks ago that a new lawsuit against Sirius XM brought on behalf of shareholders came to light. The lawsuit centers on many issues similar in nature to the Blessing matter which Sirius XM reached a proposed settlement on. The big difference here is that the Blessing matter was brought on… → Read More
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These days it seems like Sirius XM finds themselves involved so many legal matters that they would have enough content to fill a special pop-up channel on their dial. While the Howard Stern case and developments seem to be at center stage, along with the Blessing settlement, there are two other active cases of note…. → Read More
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
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