$180M Deal Needs Deeper Scrutiny Under CAFA: Sirius Users

Law360, New York (January 26, 2012, 5:02 PM EST) -- A group of Sirius XM Radio Inc. subscribers told the Second Circuit on Wednesday that the purported $180 million "coupon" settlement in the antitrust suit over the merger that created the satellite radio giant warranted a more intensive look under the Class Action Fairness Act.

Steven Crutchfield, Jennifer Deachin, Scott D. Krueger, Charles B. Zuravin and Asset Strategies Inc., who all objected to the settlement, said a lower court abused its discretion when it declined to consider the declaration of their expert witness, who criticized the...
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