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SiriusXM Canada aware of ‘Class Action’ threats

SiriusXM Canada, in a formal note to investors, says it is aware of various Class Action applications having been filed with the Superior Court in Quebec.

“The Applications seek to authorize the bringing of class action litigation against the Company in connection with Quebec’s Consumer Protection Act and includes bringing a class action litigation against certain other prominent Canadian companies in the media, technology, telecommunication and financial sectors in addition to the Company. The Company has retained legal counsel and intends to vigorously defend itself against any potential class action litigation,” says SiriusXM Canada.

SiriusXM Canada added: “The Company does not intend to comment further upon this matter unless and until it deems further disclosure is appropriate or required by law”.

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