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NERA Economic Consulting Provides Liability and Damages Analysis in Sirius XM Class Action
08 September 2011
New York -- NERA Special Consultant Dr. Michael Baye and Senior Vice President Dr. Lauren Stiroh submitted liability and damages expert reports on behalf of Sirius XM in the Blessing v. Sirius XM Radio lawsuit.
The class action case surrounded plaintiffs' allegations that Sirius XM had violated federal antitrust consumer laws and state consumer protection laws by raising subscription prices after the merger of the two companies. On 25 August 2011, the US District Court of the Southern District of New York approved a non-cash settlement that was reached between the parties prior to trial.
Dr. Baye is the Bert Elwert Professor of Business at Indiana University's Kelley School of Business. His research focuses on pricing strategies and their impact on consumer welfare, and firm profits in both online and traditional markets. His academic work on mergers, auctions, patents, advertising, online markets, and other areas related to antitrust and consumer protection has been published in leading economics and marketing journals. Dr. Baye received his PhD and MS in economics from Purdue University.
Dr. Stiroh specializes in the economics of antitrust, intellectual property, and commercial damages. She has conducted research, prepared expert reports, and testified in court on a variety of issues arising from antitrust allegations such as monopolization, exclusionary conduct, tying, vertical restrictions, price fixing, predatory pricing, price discrimination, and abuse of standard setting. Dr. Stiroh received her PhD in Economics from Harvard University and MA in Economics from University of British Columbia.
NERA was retained by Jones Day. Discussion of the Blessing v. Sirius XM Radio case and related documents can be viewed at the settlement website sponsored by the plaintiffs in the case: http://www.satelliteradiosuit.com/Home.aspx.
About NERA
NERA Economic Consulting (www.nera.com) is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. For more than six decades, we have been creating strategies, studies, reports, expert testimony, and policy recommendations for government authorities and the world’s leading law firms and corporations. We bring academic rigor, objectivity, and real-world industry experience to issues arising from competition, regulation, public policy, strategy, finance, and litigation.
NERA’s clients value our ability to apply and communicate state-of-the-art approaches clearly and convincingly, our commitment to deliver unbiased findings, and our reputation for quality and independence. Our clients rely on the integrity and skills of our unparalleled team of economists and other experts backed by the resources and reliability of one of the world’s largest economic consultancies. Continuing our legacy as the first international economic consultancy, NERA serves clients from major cities across North America, Europe, and Asia Pacific.