Judge Throws Out Howard Stern's $300M Lawsuit TheWrap
New York State Supreme Court Judge Barbara R. Kapnick today ordered the dismissal of a lawsuit by Howard Stern against his employer Sirius XM, reports TheWrap.com.
Stern and his agent and co-plaintiff Don Buchwald sought more than $300 million in stock bonuses from the company, contending that Sirius XM had incorrectly estimated the growth in subscriptions based on Stern's radio show and that subscription growth was supposed to be added to Stern's income in the form of a bonus.
Sirius argued that its deal with Stern did not include a bonus for added XM subscribers.
The judge dismissed Stern's suit with prejudice, barring him and Buchwald from filing again on the same grounds.
In December 2010, Stern inked a new five-year deal with Sirius.