Friday, August 24, 2012

Radio: Howard Stern to Sue Sirius Over Stock



Howard Stern's lawsuit against his employerSiriusXM over unpaidbonuses is back in the legal system, as the New York Daily News reports new paperwork was filed on Monday with the New York Supreme Court Appellate Division. 
According to the paper, the new filing will put an appeal into motion against an April court ruling that dismissed the charges from Stern and his production company.

Stern's camp originally filed suit in March of 2011, claiming the satcaster owed Stern a series of bonuses that were tied to certain subscriber numbers. Stern believed that the merger of Sirius and XM, which boosted the company's subscriber totals, should have caused the bonus clauses to kick in. Stern had said on-air that these bonuses could have been worth hundreds of millions of dollars.

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