As expected, Howard Stern’s production company One Twelve and his agent Don Buchwald have appealed a judge’s dismissal of a lawsuit earlier this month against Sirius XM over disputed stock awards from his original contract with the satellite radio company. Judge Barbara Kapnick of the New York State Supreme Court threw out the suit April 17. It claimed Stern’s company and Buchwald were owed more than $300 million after Sirius exceeded subscriber targets following its merger with rival XM. But Kapnick ruled that the contract language “is inconsistent with any reading that the parties intended subscribers acquired by merger with XM to be considered” in awarding stock, calling the disputing wording “clear” and “unambiguous”.
By THE DEADLINE TEAM | Thursday April 26, 2012 @ 9:38am PDTTags: Don Buchwald, Howard Stern, Sirius XM
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