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Chancery OKs $7.3M Fee In $23.5M Pandora-Sirius Settlement

Law 360

Pandora Media Inc. million cash settlement to end Delaware Chancery Court litigation over the company's $3.5 stockholders won court approval Monday for a $23.5 billion stock-for-stock merger with Sirius XM Radio in 2018, with attorneys securing 100% of the $7.3 million in fees and expenses they requested.

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Marketing Comes Under the Microscope as Lab-Grown Stones Gain Demand Among Millennial Consumers

The Fashion Law

Pandora announced in May that it would discontinue its use of mined diamonds and instead, incorporate lab-grown stones into its offerings. Bloomberg reported that the Danish jewelry company “makes more pieces of jewelry than any other company in the world.” billion after a $200 million funding round in April.