Howard Stern's Lawsuit Against Sirius XM Dismissed
Posted on Tue Apr 17, 2012 10:00 AM PDT

twilightcelebs111909_01_200.jpgLOS ANGELES, California (x17online) - On Monday, a New York judge dismissed Howard Stern's lawsuit against Sirius XM for allegedly holding back promised stock for the disc jockey.

The suit, which was filed in March 2011, claimed that Sirius owed Stern additional stock after he helped exceed subscriber targets that totaled more than $300 million as a result of their merger with XM.

New York State Supreme Court Justice Barbara Kapnick ruled that the "the clear, unambiguous language" of their 2004 agreement didn't anticipate counting new subscribers via the merger, which lead to the case's dismissal.

Kapnick added that had all the performance awards been triggered, Sirius could have owed One Twelve, Stern's production company, another $300 million and his agent, Don Buchwald, another $30 million.

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