USTA Sues Olympus for $11.65M

USTA Sues Olympus for $11.65M

The Wall Street Journal reports that the USTA (US Tennis Association) is complaining that Olympus Corporation wants out of their sponsorship contract for 2011. USTA is suing Olympus for $11.65 million.

An Olympus official said the USTA allegations are without merit. “Olympus will defend itself vigorously,” said VP Corporate Communications Elizabeth Sullivan.

USTA and Olympus signed a deal in 2007 to extend their partnership through 2013, with an option for the camera maker to opt out of the last two years of the contract.

“I’m getting out,” said Olympus. “You’re allowing Panasonic to share the limelight with me.”

“No, you cannot,”replied the USTA,. “You’re just trying to cut costs.”

And so it’s on to the courts – and the lawyers!

[Via: WSJ Online]

Chris Malinao

About Chris Malinao

Chris teaches Lightroom as workflow software to photography students at the FPPF, Federation of Philippine Photographers Foundation. He also teaches smartphone photography.

Vintage Voigtlander Bessamatic Camera w/ Skopar-X 1:2.8 / 50 Lens,WORKING COND. picture
Vintage Voigtlander Bessamatic Camera w/ Skopar-X 1:2.8 / 50 Lens,WORKING COND.
FINE Voigtlander Bessamatic w/Voigltander-ZOOMAR Lens, Cap & Compartment Case picture
FINE Voigtlander Bessamatic w/Voigltander-ZOOMAR Lens, Cap & Compartment Case
VOIGTLANDER BESSAMATIC  CAMERA  picture
VOIGTLANDER BESSAMATIC CAMERA
VOIGTLANDER BESSAMATIC W/ Color-Skopar X 1:2.8/50 Camera and Leather Case picture
VOIGTLANDER BESSAMATIC W/ Color-Skopar X 1:2.8/50 Camera and Leather Case
Vintage Voigtlander Bessamatic 40.5mm Camera Lens Close-Up Photo Filter 347/41 picture
Vintage Voigtlander Bessamatic 40.5mm Camera Lens Close-Up Photo Filter 347/41