Aspex Eyewear Inc. to Pay Settlement to VSP Global, Will Be Reinstated as VSP Vision Care In-Network Frame Provider

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RANCHO CORDOVA, Calif.—VSP Global and Aspex Eyewear, Inc. announced in a joint statement that Aspex has agreed to pay a financial settlement to VSP Global. Both parties have agreed to settle their disputes stemming from several lawsuits filed by Aspex Eyewear against VSP and Marchon Eyewear. Additionally, the parties announced that Aspex Eyewear will be reinstated as an in-network frame provider under VSP’s vision care insurance policies. As previously reported in VMAIL, VSP Vision Care dropped Aspex as an in-network provider citing “commercial disputes” between the two companies in 2010.

“While court rulings over several years have resulted in favorable decisions for VSP Global, we are nevertheless pleased with this agreement and the opportunity for our respective organizations to move forward,” said Thomas A. Fessler, chief legal counsel and general counsel of VSP Global.

“Aspex is happy to be reinstated as an in-network frame provider,” said Thierry Ifergan, executive vice president of Aspex Eyewear. “We are excited to offer Aspex’s top fashion and innovative technologies to VSP’s members through their extensive network of eyecare professionals.”