Sirius Can’t Shake the Ghost of Howard Stern
He’s baaack. Although the New York Supreme Court dismissed Howard Stern’s $300 million lawsuit against Sirius XM Radio (NASDAQ:SIRI), Stern won’t let it go. The 58-year-old radio personality has filed an appeal and is aiming for a trial, the New York Post reported.
Stern alleges the satellite radio company didn’t pay him $300 million in stock bonuses owed to him under an agreement he made with Sirius when he came to work for them. New York Supreme Court Justice Barbara Kapnick threw the case out on April 16, dismissing Stern’s claims that subscribers to XM Satellite Radio, which merged with Sirius in 2008, should be included when determining compensation.
Lawyers for Stern’s production company, One Twelve Inc., and his agent, Don Buchwald, said in the appeal that the court “misinterpreted the parties’ contract and granted summary judgment before there was any discovery taken in the action.” The lawyers added that, “Reversal is warranted because, among other things, the parties’ contract is clear on its face that plaintiffs are entitled to the relief they seek or is, at a minimum, ambiguous.”
It doesn’t seem as if Stern is letting the altercation get him down. Despite the disagreement, Stern reportedly has not been bad-mouthing Sirius on his show, as he had done with in the past when he has had dust ups with employers. Plus, he recently took on the role of judge on NBC Universal’s (NASDAQ:CMCSA) television program “America’s Got Talent.”