#astronomy Meade Devices Recordsdata for Chapter Safety

December 10, 2019 - Comment

Meade Devices, primarily based in Irvine, California, filed for Chapter 11 chapter safety on December four, 2019, following its lack of a multi-million greenback antitrust lawsuit introduced by Orion Telescopes & Binoculars. The submitting claims Meade’s money owed vary between $10 million to $50 million. Meade, together with Sunny Optical, is a subsidiary of the


Meade Devices, primarily based in Irvine, California, filed for Chapter 11 chapter safety on December four, 2019, following its lack of a multi-million greenback antitrust lawsuit introduced by Orion Telescopes & Binoculars. The submitting claims Meade’s money owed vary between $10 million to $50 million.

Meade, together with Sunny Optical, is a subsidiary of the Chinese language producer Ningbo Sunny Digital Co. Ltd having been bought in 2013. The lawsuit discovered that Sunny colluded with different Chinese language producers in a price-fixing scheme that fashioned a monopoly over the home shopper telescope market.

Meade 12-inch LX600 ACF telescope.

Based in 1972 by John Diebel, Meade rose from humble beginnings within the newbie astronomy market promoting small refracting telescopes. Its first printed commercial appeared on web page 43 of the July 1972 problem of Sky & Telescope. The corporate expanded to incorporate Newtonian reflectors and ultimately Schmidt-Cassegrain telescopes, turning into the world’s largest telescope producer with distribution in additional than 30 international locations. In 2006 the corporate’s product line grew to incorporate specialised photo voltaic observing tools following the acquisition of Coronado Devices.  In 1997 Meade grew to become the primary producer of newbie telescopes to go public, with shares traded on Nasdaq inventory change.

Meade has clashed with competitors prior to now. A number of lawsuits between Meade and longtime rival Celestron made headlines with patent-infringement claims about Go To expertise that had been ultimately settled out of court docket in 2006. In 2008, Meade settled a lawsuit with Star Intruments and RC Optical Methods (Now Deep Sky Devices) concerning claims of false promoting of its RCX (now Superior Coma-Free) optical design.

Following the chapter submitting, Meade posted a press release on Fb stating “As in latest information, Meade Devices has filed for Chapter 11 Chapter Safety/Reorganization on December 4th, 2019. Please be assured that we’ll proceed to assist our merchandise, our clients, and our community of Sellers all through the method. Our clients stay our highest precedence. We thanks in your valued assist and stay up for persevering with the Meade title.”



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