Topic-icon Oculus verdict: Judge awards ZeniMax $500 million

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11 months 2 weeks ago #44667 by Kazara
Kazara created the topic: Oculus verdict: Judge awards ZeniMax $500 million

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ZeniMax, which earlier today beefed up its VR development capacity by acquiring Escalation Studios, had a partial victory in its lawsuit against Oculus, makers of the Rift virtual reality headset. As reported by Polygon, a Dallas, Texas jury today awarded $500 million to ZeniMax after finding that Oculus co-founder Palmer Luckey failed to comply with a non-disclosure agreement. That said, the court did not find that Oculus had misappropriated trade secrets, which was at the heart of the lawsuit.

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Additionally, more details breaking down the $500 million owed have come to light. $200 million of the total comes from Oculus co-founder Palmer Luckey breaking his NDA with ZeniMax, while Oculus will have to pay ZeniMax an additional $50 million for copyright infringement, and another $50 million for false designation. Furthermore, Brendan Iribe (former CEO, now head of PC at Oculus) will have to pay ZeniMax $150 million for false designation, and Luckey also will have to pay ZeniMax $50 million for false designation.

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