[gary]

Hi Ken,

Thanks for posting this.

I think a more interesting heading would have been that Orion won
the antitrust case.

Meade had been owned by the Chinese company Ningbo Sunny since
2013.

Its financial woes go back at least to 2006 and I was continually flabbergasted
how it managed to stay listed on the NASDAQ. Their quarterly return reports
were nearly always bad news and seemed to continually defy the laws of gravity.

In the US, filing for bankruptcy is not necessarily the end of the world
for a company like it is in Australia. By filing for Chapter 11, companies
can stave off creditors for a short while until they get their house in order.

But it may be that Ningbo Sunny, having lost the lawsuit, will simply
cut-off its two arms, namely Meade, and Sunny Optical,
in an attempt to try and limit their liability.

Going before a US federal jury on an antitrust lawsuit between an
American company and a Chinese company in the current political
climate may not have endeared Ningbo Sunny to the jurors.