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Sirius unit to settle suits related to telemarketing calls

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Sirius unit to settle suits related to telemarketing calls

Sirius XM HoldingsInc. unit Sirius XM Radio Inc. on April 5 entered into a memorandumof understanding to settle the purported class-action lawsuits that accused thecompany, or call center vendors acting on its behalf, of making calls in violationof the provisions of the Telephone Consumer Protection Act of 1991.

The settlement is expected to resolve the claims of consumersfor the period February 2008 through the present relating to telemarketing callsto their mobile telephones, the company said in a Form 8-K filed April 8.

Also, Sirius XM will agree to pay $35 million in cash, to offerparticipating class members the option of receiving three months of its Select servicefor no charge, and to enter into agreements to make certain modifications to thesystem architecture of certain call center vendors.

The memorandum of understanding is subject to the execution ofa definitive settlement agreement and court approval.