Settlement Notice for Sirius XM Holdings Inc. Stockholders as of January 5, 2024

Bernstein Litowitz Berger & Grossmann LLP has announced a proposed settlement concerning a class and derivative action involving stockholders of Sirius XM Holdings Inc. SIRI. This notice is addressed to all individuals and entities who held shares of Sirius XM common stock at the close of trading on the settlement date of January 5, 2024. This proposed settlement aims to resolve disputes between the shareholders and the company, potentially bringing to an end the pending litigation that affects these stockholders.

Notice of Pendency

The legal action in question, which was initiated by stockholders, has reached a significant moment with the notice of pendency. This refers to the period when the court recognizes the lawsuit as a class action, and in this case, impacts holders of SIRI as of January 5, 2024. The notice is part of the legal process to ensure that all affected parties are informed about the pending case and the potential outcomes.

Settlement Details

The specifics of the proposed settlement are not disclosed in this summary. However, holders of SIRI should be aware that the terms of the settlement, if approved, would apply to them as members of the 'Settlement Class'. These details dictate the legal rights and obligations of stockholders with respect to the lawsuit and the proposed settlement. Further information regarding the settlement terms, as well as instructions on how to access the court documents, will be made available to the stockholders.

Sirius XM Holdings Inc., the satellite radio giant known for its subscription-based service in the United States, finds its common stock at the heart of this legal matter. As such, the outcome of this settlement could have a notable impact on the company's operations and stockholder interests.

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