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

  • Kazara
  • Kazara's Avatar Topic Author
  • Offline
  • Community Manager
  • Community Manager
More
2 months 3 weeks ago #44667 by Kazara
Kazara created the topic: Oculus verdict: Judge awards ZeniMax $500 million
www.gamesindustry.biz/articles/2017-02-01-oculus-verdict-judge-awards-zenimax-usd500-million

Snippet -

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.

Update snippet -

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.

If the Democrats didn't have double standards, they'd have none at all.

Please Log in or Create an account to join the conversation.

Time to create page: 0.164 seconds

Fringers Online

We have 84 guests and no members online