Judge Defers Ruling on Settlement
By Don Jeffrey - Aug 8, 2011 12:34 PM ET .
A federal judge declined to rule from the bench on the settlement of a lawsuit by Sirius XM Radio Inc. (SIRI) subscribers who claimed the satellite radio broadcaster broke the law when it raised prices after merging with its only rival.
Objectors called the settlement of “dubious value” because Sirius XM hadn’t ever said it would raise prices before year-end anyway. They objected to the $13 million in fees to be paid to the lawyers representing the class.