Federal judge preserves status quo in Pandora-ASCAP lawsuit, WSJ reports A federal judge issued a decision that preserved the status quo between Pandora with songwriters and music publishers, reports the Wall Street Journal. In a statement from ASCAP, U.S. District Judge Denise Cole on Friday ruled that Pandora should pay the society through 2015 that it has for years. ASCAP had argued for an escalating rate structure where Pandora would have owed 2.5% of revenue in 2013 and 3% in 2015. Reference Link
News For P From The Last 14 Days
Check below for free stories on P the last two weeks.
Pandora calls activate on renewed speculation of an activist investor Pandora August weekly 27.5 and 29 calls are active on total call volume of 5K contracts (1K puts) on renewed speculation of an activist investor. August weekly call option implied volatility is at 77, September is at 58 and December is at 55; compared to its 26-week average of 55 according to Track Data. Active call volume suggests traders taking positions for upside price movement.