Howard Stern was forced to sue

Howard Stern has claimed that he was left with no other choice but to sue his current employers SIRIUS XM Radio to recoup unpaid stock options.

While addressing his decision to sue the satellite radio company on The Howard Stern Show, Stern charged that SIRIUS XM put him in an unenviable and painful position.

“It’s true that I am suing Sirius,” he said. “I have never, ever gotten on the air and discussed my financial situation… I’m an honest guy who believes in fairness. I believe that I’ve been dealt with unfairly.”

Stern has famously battled the FCC and media conglomerate Infinity Broadcasting Corporation over the course of his lengthy career, but he insists that his grievance with SIRIUS XM marks a new low.

The radio host explained: “It causes me great pain to sue the company I work for… Nevertheless, I had to do it. Suffice it to say, there’s a dispute and I believe I haven’t been given what is mine.

“There’s obviously a disagreement here and it will be settled in a court… I have encountered things that are disturbing before [in my career], but never like this. It’s a business argument and that’s that.”

Stern sues SiriusXM Radio

Howard Stern’s production company and manager are suing SiriusXM Radio claiming Howard was bilked out of stock awards SiriusXM promised him.

According to the suit, filed in New York and obtained by TMZ, Sirius courted Howard to come there in the first place by promising him a share “in any success that the company achieved.” But the suit claims, once Sirius conquered its chief competitor — XM — and acquired more than 20 million subscribers, it decided on its own Howard had been paid enough.

Stern alleges the subscriber estimates on which his stock bonuses were to be based ranged from 3.7 million in 2006 to 12.1 million in 2010. According to Stern, he actually blew those estimates out of the water and Sirius today has a subscriber base of more than 20 million subscribers.

The suit claims, “Sirius needed Stern more than Stern needed Sirius.”