Sirius Dismisses Lawsuit
PR NEWSWIRE NEW YORK, Oct. 8 — Sirius Satellite Radio (Nasdaq:SIRI), the satellite radio broadcaster, today responded to a lawsuit filed against it in the United States District Court of Vermont.
"These claims are frivolous and without merit, although the complaint was an entertaining piece of fiction. We have fully complied with all SEC disclosure requirements and will vigorously defend ourselves," stated Patrick Donnelly, Sirius Senior Vice President and General Counsel.
About Sirius
From its unique tri-satellite system orbiting directly over the U.S., Sirius (http://www.siriusradio.com) will broadcast up to 100 channels of digital quality radio to motorists throughout the continental United States for a monthly subscription fee of $12.95.
Sirius will deliver 50 channels of 100% commercial-free music in virtually every genre, and up to 50 channels of news, sports, talk, comedy and children's programming. Sirius has exclusive alliances to install AM/FM/SAT radios in Ford, Chrysler, BMW, Mercedes, Jaguar, Volvo and Jeep(R) vehicles. Kenwood, Panasonic, Clarion and Jensen satellite radios, including models that can adapt any car stereo to receive Sirius, as well as home and portable products, will also be available at retailers such as Circuit City and Best Buy.
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