Olympus to sponser U.S. Open despite lawsuit
WHITE PLAINS, N.Y. - February 1, 2011 The camera company also will remain the title sponsor of the
U.S. Open Series that leads to the Grand Slam tournament in
Flushing Meadows.
The two sides announced the settlement Tuesday in a joint
statement.
The USTA had sued Olympus for $11.65 million, saying the company
wanted to get out of its sponsorship agreement for 2011. Olympus
and the USTA have been partners since 2003. In 2007, they extended
their partnership through 2013.
The contract allowed Olympus to opt out of the last two years of
the deal, which it did. The USTA said Olympus also tried to shed
commitments for 2011.
