12-21-12
In 2009, subscribers sued SiriusXM claiming the company violated antitrust laws when it raised prices after the merger with XM. They said Sirius broke promises to win merger approval from the FCC. On Thursday, The U.S. Court of Appeals in Manhattan affirmed a ruling by a lower court that approved the $180 million suit settlement. Plaintiffs? lawyers were awarded $13 million in fees.
In 2011, SiriusXM won District Court approval of a settlement before a trial was to take place. The agreement stated there would be no price change for five months.
