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.

Pentax Spotmatic II 135mm 2.8 Lens picture
Pentax Spotmatic II 135mm 2.8 Lens
Vintage Pentax Honeywell Spotmatic 35mm untested but from a good home picture
Vintage Pentax Honeywell Spotmatic 35mm untested but from a good home
VTG ASAHI PENTAX SPOTMATIC SUPER TAKUMAR 1:1.4750 CASE  picture
VTG ASAHI PENTAX SPOTMATIC SUPER TAKUMAR 1:1.4750 CASE
Vintage Asahi Pentax Spotmatic camera Japan leather case Super-Takumar 1:1:4/50 picture
Vintage Asahi Pentax Spotmatic camera Japan leather case Super-Takumar 1:1:4/50
Honeywell Pentax Spotmatic SLR with 3 lenses; 50mm 1.4, 28mm 3.5 and 135mm 2.8 picture
Honeywell Pentax Spotmatic SLR with 3 lenses; 50mm 1.4, 28mm 3.5 and 135mm 2.8