Sirius Gets Sued, Onyx Wins Priority Review, and 3 More Hot Stocks

SiriusXM Radio Inc. (NASDAQ:SIRI): A lawsuit has been brought against SiriusXM by SoundExchange, which claims that it was “systematically” underpaid for licensing music to the satellite radio service. SoundExchange is looking for a $50 million payout from SiriusXM and says that the latter in particular reduced by 10 percent to 15 percent the gross revenues it reports to calculate the royalties because that corresponded with performances of pre-1972 recordings.