USTA and Olympus settle lawsuit 03/02/2011 |
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Olympus will remain an official sponsor of the US Open for 2011 as part of a settlement of a lawsuit filed by the United States Tennis Association (USTA).
The camera company will also continue as the title sponsor of the US Open Series that leads to the Grand Slam tournament at Flushing Meadows.
The two sides announced the settlement this week in a joint statement.
The USTA had sued Olympus for $11.65m, 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 deal until 2013, though the contract allowed Olympus to opt out of the last two years.
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