Wednesday, February 1, 2017

Oculus Ordered To Pay $500M In ZeniMax Lawsuit

A jury has ordered Oculus to pay $500 million to ZeniMax for violating a non-disclosure agreement. The jury found that Oculus was not guilty of the allegations of misappropriating trade secrets.

The $500 million award is composed of $200 million for NDA violation, plus $50 million for copyright infringement, a $50 million award against both Oculus and co-founder Palmer Luckey for false designation, and $150 million against former CEO Brendan Iribe for false designation. The overall award is less than the $4 billion that ZeniMax asked for, but it’s a substantial judgment against Oculus, and one that the company plans to appeal.