Sirius XM Subscribers Tout $180M Deal In Antitrust Action

Law360, New York (August 8, 2011, 4:47 PM EDT) -- Sirius XM Radio Inc. subscribers argued Monday that a New York federal judge should sign off — despite objections — on a $180 million settlement in an antitrust class action stemming from the merger that created the company, and award plaintiffs’ attorneys up to $13 million.

U.S. District Judge Harold Baer heard arguments from the class and from several objectors, who oppose the deal because they say that the nonmonetary settlement is inadequate and that class counsel shouldn't get such a big chunk of change....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.