Considering the sensitivity of this information, I really need to stress that this is currently speculation and based on 2nd hand information. But according to sources, there is a strong rumor that Howard Stern was served a subpoena by the SEC last Wednesday (March 22nd). The grounds for the subpoena are unknown.
Several attempts to contact SIRIUS regarding this went unanswered. The only feedback I received was to forward me to Patrick Reilly, SVP of Corporate Communications at SIRIUS, but then further communications stalled. I had really hoped that SIRIUS could at least confirm or debunk this rumor before posting, but after multiple attempts I've still heard nothing. I'm no lawyer, so I don't know if they're even allowed to make a statement at this point anyway.
So there it is. As I find out more information, I'll post it. If you yourself have more information you can email me here.
Thanks Jonathan!
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