Howard Stern Sues Sirius XM Radio #Breach of Contract

“Howard Stern, who seems to be in a perpetual fight with his bosses, is at it again.

The production company for the radio personality is suing Sirius XM, claiming the satellite radio company has refused to pay stock awards it owes to him based on subscriber targets in Sternā€™s contract. The lawsuit also says Sirius owes money to Sternā€™s agent under a consulting agreement.

ā€œWorld-renowned radio personality Howard Stem (ā€œStemā€) put Sirius on the map,ā€ the lawsuit says. ā€œBut, with the exception of a stock award that Sirius paid for the initial year of Stemā€™s contract, Sirius has refused to pay One Twelve [the productionĀ  company for Stern’s show] the additional performance-based stock awards to which One Twelve is entitled.ā€

CLICK HERE to read Sternā€™s lawsuit against Sirius XM.”

Full Story on WSJ.

 

Photocredit: Bauer Griffin