UPDATE: On February 18, 2025, the Claims Administrator conducted the initial distribution of settlement funds to eligible claimants and DTC Participants, as approved by the order of the Court.

The information contained on this website is only a summary of the information presented in more detail in the Notice of Pendency and Proposed Settlement of Stockholder Class and Derivative Action, Settlement Hearing, and Right to Appear (the “Notice”). Because this website is just a summary, you should review the Notice for additional details.

This website relates to stockholder class and derivative action (the “Action”) brought in the Court of Chancery of the State of Delaware (the “Court”).

Plaintiff Vladimir Fishel (“Plaintiff”), derivatively on behalf of Sirius XM Holdings Inc. (“Sirius XM” or the “Company”) and directly on behalf of himself and the other members of the Settlement Class (as defined below); nominal defendant Sirius XM; defendant Liberty Media Corporation (“Liberty Media”); and defendants Gregory B. Maffei, James E. Meyer, Jennifer Witz, Evan D. Malone, David A. Blau, Robin P. Hickenlooper, Michael Rapino, David Zaslav, Jonelle Procope, Kristina M. Salen, and Carl E. Vogel (the “Director Defendants,” and together with Sirius XM and Liberty Media, “Defendants”) (Plaintiff and Defendants, together, the “Parties”) have reached a settlement of the Action for $36,000,000.00 (United States Dollars) in cash (the “Settlement”).

The settlement administration concluded in December 2024. On December 6, 2024, Lead Counsel filed an Unopposed Motion for Class Distribution Order seeking the Court’s permission to distribute the proceeds of the net settlement fund. On December 20, 2024, the Court entered the Class Distribution Order approving the Distribution Plan. The distribution to settlement payment recipients will occur in the first quarter of 2025.

If you are a member of the Settlement Class, you are subject to the Settlement. The non-opt-out Settlement Class certified by the Court consists of:

All holders of Sirius XM common stock as of the close of trading on January 5, 2024 (the “Settlement Date”), excluding any persons who held Sirius XM common stock as of the close of trading on the Settlement Date and were: (i) Defendants; (ii) directors and Section 16 Officers of Liberty Media and Sirius XM on the Settlement Date; (iii) subsidiaries of Sirius XM or Liberty Media; (iv) an entity in which any of the foregoing had, as of the Settlement Date, a controlling interest; (v) any trusts, estates, entities, or accounts that held shares of Sirius XM common stock for the benefit of any of the foregoing; and (vi) the legal representatives, heirs, successors in interest, successors and assigns of the foregoing.

Please be patient as it will take some time to conduct the Settlement distribution. Please continue to check this website periodically for further updates.

If you have any questions that have not been answered by the information included on this website or in the Notice, please contact the Settlement Administrator.

Sirius XM Stockholders Litigation
c/o A.B. Data, Ltd.
P.O. Box 170500
Milwaukee, WI 53217
1-877-888-8694
info@SiriusXMStockholdersLitigation.com

Remember to include “Sirius XM Stockholders Litigation” on any correspondence, envelope, and/or subject line.