Advertisements
News updates

Facebook Loses Oculus VR Case

A Dallas, Texas jury has ordered Facebook’s Oculus to pay $500 million in damages to ZeniMax after a lawsuit claimed that Oculus VR subsidiary was based on stolen technology.

The lawsuit was filed by ZeniMax against Occulus in 2014 which led to Facebook CEO Zuckerberg testifying in a public trial last month.

Facebook bought Oculus in 2014. Zuckerberg claimed he was unaware of the intellectual property issue between Oculus and ZeniMax.

ZeniMax had been seeking a $2 billion verdict against Oculus, as reported by Business Insider. Oculus is paying $200 million for violating the nondisclosure agreement, and $50 million for copyright infringement.

Former Oculus CEO Brendan Iribe will have to pay ZeniMax $150 million for false designation, and Oculus cofounder Palmer Luckey must pay ZeniMax $50 million for false designation.

Oculus said it would appeal the ruling.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: