Dallas, Texas 08/12/2013 (Financialstrend) – Sirius XM Radio Inc (NASDAQ:SIRI), which confronted harsh times competing with rivals, appears to have dig its way into yet another problem. The renowned satellite radio company got litigated by the band Turtles for using its songs.
The said case has been filed in the LA Superior Court and the grievance comprises charges of embezzlement and breach of the federal patent laws allotted by the state. The litigation alleges Sirius XM Radio Inc (NASDAQ:SIRI) for damage around $100 million that would augment the sufferings of the firm, if they lose the case.
Sirius XM Radio Inc (NASDAQ:SIRI): electric zoo fair to broadcast Live on SiriusXM starting August 30
Sirius XM Radio Inc (NASDAQ:SIRI) has declared that it will broadcast special performances by a few of the leading DJs in the globe, live from NY’s Electronic Music Fiesta, Electric Zoo, at Randall’s Island Park in NYC on 30Aug; Saturday, August 31; and, September 1, 2013.
Sirius XM Radio Inc (NASDAQ:SIRI) on the track of refinancing
Sirius XM Radio Inc (NASDAQ:SIRI) has made declaration about the official retreat of a hefty sum of $750 million that is due in 2015 at an interest rate of 8.75 per cent annually.
Also what has aided the firm to perk up its income is the foreign financing at an attractive charge of 5.75 per cent.
Sirius XM Radio Inc (NASDAQ:SIRI)’s division SIRIUS Minerals bags financing of up to £25m
Sirius XM Radio Inc (NASDAQ:SIRI)’s division SIRIUS Minerals, the firm behind a planned £1 billion potash mine in the North York Moors National Park, has bagged financing of around £25 million with a NY-based institutional investor.
Sirius and its arm, York Potash, first revealed plans for the North Yorkshire mining process at the beginning of the year 2011.
In July 2013, Sirius asked the National Park Authority to postpone a verdict on the plan, saying it required extra time to make sure the growth would not hurt the surroundings.