Sirius/XM Merger Subject to Class Challenge

Update May 2011: Sirius has agreed to settle the case by agreeing to maintain an FCC imposed price cap set to expire in July for an additional five months.  The value of the settlement to Sirius 19 million customers is estimated to be $180 million.  The settlement also included approximately $13 million in attorney’s fees.

Southern District of NY Judge Harold Baer Jr. certified a class of customer plaintiffs challenging the 2008 Sirus/XM satellite radio merger.

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