Lawyers involved in the breach of contract lawsuit between CBS and Howard Stern said on Wednesday that they are close to a settlement. CBS lawyer Irvin Nathan told Judicial Hearing Officer Ira Gammerman, "We have an agreement, but there are details that have to be worked out," according to New York Newsday. He added that the parties were "very close" to a settlement.
Stern's lawyer, Peter Parcher, reportedly confirmed Nathan's statement. The lawyers told Gammerman they will return to his courtroom next week if they do not reach an agreement, says Newsday.
As previously reported, CBS filed suit against Stern in February, claiming that he improperly used CBS Radio's air time to promote his then-forthcoming show on Sirius Satellite Radio. Stern's company One Twelve, Inc., his agent Don Buchwald, his agent's firm Don Buchwald & Associates, Inc. and Sirius were also named in the suit. The lawsuit seeks "compensatory and punitive damages for multiple breaches of contract, fraud, unjust enrichment, and misappropriation of CBS Radio's broadcast time," as well as damages from Sirius for "unfair competition and tortious interference with Stern's CBS contract."