Judge Rules SiriusXM Must Make It Easier to Cancel Subscriptions
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A New York state judge has ruled that SiriusXM must amend its subscription cancellation policies and pay damages, as these policies were found to violate the federal Restore Online Shoppers' Confidence Act.
November 23, 2024 | 12:30 am
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SiriusXM has been ordered by a New York judge to revise its subscription cancellation policies and pay damages due to violations of the Restore Online Shoppers' Confidence Act.
The ruling against SiriusXM could lead to increased operational costs and potential reputational damage, which may negatively impact its stock price in the short term. The requirement to pay damages adds financial pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100