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Sirius Stern Suit Denied Copy

Sirius Stern Suit Denied Copy

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Published by: jeff_roberts881 on Apr 17, 2012
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04/17/2012

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IFILED:NEWYORKCOUNTYCLERK04/16/20121
NYSCEFDOC.NO.26
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INDEXNO.650762/2011RECEIVEDNYSCEF:04/16/2012
SUPREMECOURTOFTHESTATEOFNEWYORK-NEWYORKCOU~TD,
PRESENT:
BARBARAR.KAPNICK
PART
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IndexNumber:
650762/2011
ONETWELVE,INC.
INDEXNO.MOTIONDATE
VS.
SIRIUSXMRADIOINC.
SEQUENCENUMBER:001
001
OTIONSEQ.NO.MOTIONCAL.NO.
SUMMARYJUDGMENT
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------------------
NoticeofMotion/OrdertoShowCause-Affidavits-Exhibits...AnsweringAffidavits-Exhibits_
PAPERSNUMBERED
ReplyingAffidavits
------th+--.,.-----------
Cross-Motion:DYes
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Upontheforegoingpapers,itisorderedthatthismotion
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Plaintiffs,
DECISION/ORDER
IndexNo.650762/11MotionSeq.No.001
SUPREMECOURTOFTHESTATEOFNEWYORKCOUNTYOFNEWYORK:IAPART39
--------------------------------------x
ONETWELVE,INC.andDONBUCHWALD,-against-SIRIUSXMRADIOINC.,Defendant.
--------------------------------------x
BARBARAR.KAPNICK,
J.:
PlaintiffsOneTwelve,Inc.andDonBuchwaldbroughtthisactiontorecoverforpaymentstheyallegetheyareowedpursuanttotheparties'letteragreementonlicensingtheHowardSternShowandotherrelatedmatters(the"Agreement")datedOctober1,2004.DefendantSiriusXMRadioInc.nowmovespursuanttoCPLR3212forsummaryjudgmentdismissingtheComplaint,contendingthatitsobligationsturnontheinterpretationofoneparticularphraseintheAgreementanditsapplication.BackgroundHowardSternisaworld-reknownedradioandentertainmentpersonality.OneTwelve,Inc.producesanddistributestheHowardSternShow.DonBuchwaldisStern'sagentandservesasaconsultantundertheAgreementbetweenOneTwelveandSiriusRadio.PriortobecomingSiriusXMRadioInc.,SiriusSatelliteRadioInc.("SiriusRadio")operatedasatellitedigitalaudioradioservice,andXMSatelliteRadioInc.("XMRadio")operateditsown,
 
2
completelyseparate,satelliteradioservice.OnJuly28,2008,asubsidiaryofSiriusRadiomergedwithXMRadio,andthereafterSiriusRadiochangeditscorporatenametoSiriusXMRadioInc.("SiriusXM").AsofDecember31,2008,therewere9,153,115subscriberstoSiriusRadioand9,850,741toXMRadio.XMRadiocontinuedtooperateunderthenameXMSatelliteRadioInc,asaseparatecorporationwholly-ownedbySiriusduringalltimesrelevanttothisaction.Evenafterthemerger,originalSiriusRadiosubscribershadradiosystemsspecifictoSiriusRadioandreceived,generally,onlySiriusRadioprogramming;likewise,originalXMRadiosubscribershadradiosystemsspecifictoXMRadioandreceivedonlyXMRadioprogramming.SiriusXMdidcreateapremiumor"BestOf"package,wherebySiriusRadiosubscriberscouldpurchasepremiumXMRadioprogrammingontheirSiriusRadioservice,andviceversa.AccordingtoSiriusXM,theHowardSternShowcouldonlybeheardbyabout1millionXMsubscriberswhospecificallysubscribedtothe"Bestof"Siriuspackage.IntheAgreementbetweenplaintiffsandSiriusRadio,wherebySiriusRadioluredHowardSternandhisradioprogramoffoftraditional("terrestrial")radioandontoSiriusSatelliteRadio,SiriusRadioagreed,
interalia,
topayplaintiffs"PerformanceBasedCompensation."Essentially,plaintiffscouldpotentiallyreceiveuptofiveseparatecommonstockawards,valuedat$75

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