• Company
  • Description
  • Recovery Amount
  • Sirius XM Radio Inc.
  • Blessing v. Sirius XM Radio, Inc.
  • Valued at $180 million

 

Southern District of New York

G&E was appointed as co-lead counsel to represent a class of customers in a case alleging that Sirius XM Radio Inc. deceptively increased prices in breach of its subscribers’ contracts.  The class, which was made up of some 15 million subscribers, claimed that the company broke antitrust laws by raising prices shortly after the 2008 merger between Sirius Satellite Radio and XM Satellite Radio, and that Sirius XM Satellite Radio improperly increased monthly charges for satellite radio by nearly 30%. In a major victory for consumers, on the verge of trial in May 2011, Sirius XM settled with the plaintiffs and agreed to not raise prices for the remainder of 2011, a benefit valued at $180 million to subscribers.