Granted that is some murky wording with miles of room for (mis)interpretation, but this lawyer seems to be confusing a civil case against a private corporation with an FCC action. Last I heard, the FCC wasn't even involved. It's about whether CBS (which was set to keep Imus on after a 2-week suspension until they caved into Al Sharpton's temper tantrum) violated Imus's contract not out of fear of the feds, but because they didn't want to take on Sharpton and his whining flock of sheep.
I've never been a fan of Imus, but if this case isn't cut & dry I don't know what is. I hope he gets every cent, and donates it to the charity of his choice (or goes into business manufacturing muzzles for the hypocritical crybabies on the left).
You haven't been reading. The contract specifically referances FCC violations as a breech of contract. That directly involves FCC regulations.