At one point in the early part of the merger process, a class action lawsuit was brought against Sirius by a pair of shareholders who sought additional disclosures prior to the shareholder vote. An agreement was reached regarding this, and additional information was presented to shareholders in the week prior to the vote. As with any class action suit, members of the class have various decisions to make, or can choose not to take any action. Class members are shareholders of record between February 19th 2008 through November 13th, 2008. We have included the preliminary settlement paperwork below for interested parties to review. Activity regarding this issue will be happening in the next few weeks. It is not the position of this publication to offer a stance on the issue, but rather to present it to readers for whom it may have implications. My personal opinion will be in the comments section of this article.
Position - Long Sirius, Long XM