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]

Published by Chris Malinao

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