Telescope maker Meade Instruments Corp. filed for bankruptcy protection after a jury in a California federal court found the company liable to a competitor for $16.8 million.
Meade and its subsidiary Sunny Optics Inc. filed Chapter 11 on Dec. 4, before the U.S. District Court for the Northern District of California could enter a judgment based on the Nov. 26 verdict in favor of Orion Telescopes & Binoculars. The jury in the case found that Meade, whose parent company is based in China, engaged in price fixing and other antitrust violations.
The Chapter 11 petition, filed in the U.S. Bankruptcy ...
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