Sirius XM Exits Antitrust Class Action With $180M Deal

Law360, New York (May 19, 2011, 5:57 PM EDT) -- Sirius XM Radio Inc. agreed Thursday to hand satellite radio subscribers service benefits worth $180 million to end an antitrust class action in New York over the June 2008 merger that created the company.

U.S. District Judge Judge Harold Baer Jr. gave his preliminary approval to the deal meant to settle allegations that the combination of Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc. resulted in a monopoly for satellite radio services that Sirius XM abused by raising prices in an anti-competitive manner....
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