Sirius XM settles shareholder suit, agrees to hold off on price increases

Sirius XM settles shareholder suit, agrees to hold off on price increases
Subscriber Carl Blessing had filed a suit against the satellite radio operator, alleging that it had improperly raised its "additional-radio" price from $6.99 to $8.99 a month; passed along the music royalty fee, starting two years after its merger; and had begun charging subscribers for access to the online stream. In today's SEC filing, Sirius XM says "earlier, the court dismissed the plaintiffs' claims for breach of contract and granted our motion for summary judgment as to various state law claims." However: to move forward, the company has ...more( radio-info.com)