Chinese Telescope Co. Hit With $16.8M Antitrust Verdict
Law360 (November 26, 2019, 7:22 PM EST) -- A California federal jury on Tuesday found that Chinese telescope seller Ningbo Sunny Electronic Co. Ltd. suppressed competition and conspired to fix the price of consumer telescopes in the U.S. in violation of federal antitrust laws, concluding that it owes $16.8 million in damages to rival Orion Telescopes & Binoculars.
After two days of deliberating, an eight-member jury found Zhejiang, China-based Ningbo Sunny liable for violating the Sherman Act and the Clayton Act by forming a monopoly over the domestic consumer telescope market between 2013 and 2018. Plaintiff Orion had sought about $40 million in damages, but the jury concluded that Ningbo Sunny owed...
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