Sirius XM Shareholders Seek To Nix $180M Settlement

Law360, New York (April 26, 2012, 6:49 PM EDT) -- Two Sirius XM Radio Inc. shareholders filed a brief Wednesday asking the Second Circuit to reject a May 2011 settlement in an antitrust class action against the satellite radio giant, saying it improperly covered all Sirius XM shareholders.

The appellants, Michael Hartlieb and Brian David Goe, also said the $180 million settlement figure was bogus because it applied to class members only if they they opted to purchase additional services at a discount from the satellite radio provider.

Hartlieb and Goe are two of almost 30...
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