The lawsuit is for compensatory and punitive damages for multiple breaches of contract, fraud, unjust enrichment, and misappropriation of CBS Radio’s broadcast time.
It further seeks damages from Sirius Satellite Radio, Inc. for unfair competition and tortious interference with Stern’s CBS contract. The suit further charges that Sirius intentionally interfered with and procured Stern’s breach of the Agreement.
Sirius knew that Stern had a contractual obligation to maximize the prospects for the success of the CBS Radio program and to comply with his duty of good faith. Sirius intentionally induced and caused Stern to breach these contractual provisions by offering to accelerate Stern’s payment of millions of dollars in stock options to promote Sirius on CBS airwaves and by concealing Stern’s stock interest from CBS Radio.
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