Court Approves Final Settlement In Sirius XM Monopolization Case

Sirius XM Radio, Inc. wins final approval for settlement with a class of satellite radio subscribers accusing Sirius of monopolization after its merger with XM Satellite Holdings Inc., the U.S. District Court for the Southern District of New York holds (Blessing v. Sirius XM Radio, Inc.).

The court concludes that the settlement requires Sirius XM to forego $180 million in fees. Class members will receive an award of frozen rates for their service through the end of the year and can renew at current rates under some circumstances. There is no cash award to the class. The court ...