Sirius Antitrust Deal Objectors Off Hook For Appeal Bond

Law360, New York (November 22, 2011, 9:30 PM EST) -- A federal judge ruled Tuesday that even though objecting class members are unlikely to succeed in appealing the $180 million deal that resolved an antitrust suit over the merger that created Sirius XM Radio Inc., they should not be required to post a $200,000 bond.

Class counsel had asked a New York federal court to order the objectors to post a $200,000 bond to cover the potential costs and attorneys’ fees that could result from the objectors’ appeal of the settlement between Sirius and a class...
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