Meade Instruments, Star Instruments And RC Optical Systems Agree To Settlement - Quick Facts

(RTTNews) - Meade Instruments Corp. (MEAD | news | PowerRating | PR Charts ) announced that it has agreed to a settlement in a complaint filed by Star Instruments and RC Optical Systems against the Company and its dealers.

Under the settlement agreement, plaintiffs dropped their claim for a substantial monetary recovery. In exchange, Meade has agreed to pay a de minimus amount to the plaintiffs and to rename their ground breaking RCX product, not using any initials that might suggest Ritchey-Chretien in the name.

At the same time, Meade will be under no restrictions in referencing the Ritchey-Chretien-like benefits of the RCX product, such as the elimination of coma, which many people feel is the single largest benefit of the Ritchey-Chretien optical system.

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