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Howard Stern’s $330 million lawsuit against Sirius XM reaches appeals court

In Howard Stern, News, Sirius XM on February 16, 2013 at 9:58 pm

howard stern microphone

Howard Stern, his agent Don Buchwald and their production company One Twelve presented their case against Sirius XM to an appellate court on Thursday, continuing their quest to recoup $330 million they believe they are owed from the 2008 merger between Sirius and XM.

Stern’s case was heard by a panel of five New York State Court of Appeals judges on Tuesday, February 12, 2013. One Twelve, et al. have been pursuing the legal action against Sirius XM since shortly after Stern renewed his contract with the satellite radio company at the end of 2010.  At issue is an estimated $330 million in stock bonuses that Stern claims he is entitled to according to a provision  in his contract that promised him bonuses every time the company hit a certain target numbers of subscribers. Stern and Buchwald say the millions of XM subscribers absorbed by Sirius in the 2008 merger should count towards that total, since Sirius never would have been able to take over their competitor without Stern on their team. Sirius XM disagrees, saying that Stern received a separate $25 million bonus in the merger as promised and was entitled to nothing more.

In this latest chapter of Howard Stern’s latest saga as a disgruntled employee, judges will now decide whether to overturn Judge Barbara Kapnick’s April 2012 decision that Stern, Buchwald and One Twelve were entitled to a big fat zero…point…zero.

  1. of course he is entitled to it. The numbers are there to prove it!!

  2. Howard stern doesn’t diserve $h!t from SiriusXM, just because he’s so called famouse when he’s really not. He’s not even entertaining or funny on his radio show. He needs to retire & or quit. He’s the biggest and the main reason SiriusXM is going bunkrupt and going out of bussines. Because he thinks he’s bigger and better than everyone else. News flash Howard you are not the person that’s the center of this world. Stop wasting people’s time and money on your selfish bullshit.

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