Howard Stern Associates Sue Sirius For Bonuses

Law360, New York (March 22, 2011, 7:57 PM EDT) -- Howard Stern's production company and agent sued Sirius XM Radio Inc. on Tuesday, claiming the satellite radio company did not follow through on subscriber-based stock bonuses promised in a 2004 contract.

Stern was paid the bonus only in the first year of his contract, and company executives later told him that the 2008 merger between then-rivals Sirius and XM negated the bonuses, which were to be paid in Sirius stock, according to the complaint filed in the Supreme Court of the State of New York, County...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.