Major Sponsors Sticking By NFL Pepsi Promo Offers Fans Free 49ers Tix Under Armour-Notre Dame Deal Benefits Both Marketplace Roundup Coors Billboards With UConn Logos Removed Details Emerge For Maryland-Under Armour Deal Marketplace Roundup Maryland, Under Armour Extend Partnership EA Drops Ray Rice From Madden Game Serena Williams Debuts Clothing Line
Upcoming Conferences and Events
SBD/February 1, 2011/Marketing and Sponsorship
Making Peace: USTA, Olympus Settle Lawsuits Against One Another
Published February 1, 2011
WANT MORE GREAT STORIES LIKE THIS?
CLICK ON ONE OF THESE BUTTONS
The USTA and Olympus have settled their lawsuits against one another, the USTA announced in a statement this morning. The USTA had sued Olympus for allegedly breaking the remaining year of its sponsorship of the U.S. Open and its title sponsorship of the US Open Series, seeking the remaining $11.7M in fees. Olympus last month countersued, alleging that the USTA had violated the sponsorship by selling deals in the category. A statement read, “Olympus and the United States Tennis Association are pleased to announce that they have resolved their differences and that Olympus will continue as an official sponsor of the 2011 US Open and Arthur Ashe Kids’ Day and as the title sponsor of the Olympus US Open Series for 2011.” The USTA declined to say if it is recovering the full $11.7M. The case had been scheduled to go to trial June 30 in New York State Court in White Plains.