Oculus Lawsuit Ends With ZeniMax Being Awarded $500 Million. That’s A Lot of Junior Bacons
The lawsuit between Oculus and ZeniMax has reached (a first) conclusion, with the latter being awarded $500 million. That’s, that’s a lot of Junior Bacon Cheeseburgers, man. But don’t buy them burgers yet, ZeniMax. At least not with the court ordered money. ‘Cause I imagine this case is going to be appealed, and then appealed again, so on, and so forth. Forever.
A Dallas, Texas jury today awarded half a billion dollars to ZeniMax after finding that Oculus co-founder Palmer Luckey, and by extension Oculus, failed to comply with a non-disclosure agreement he signed.
In awarding ZeniMax $500 million, the jury also said that Oculus did not misappropriate trade secrets as contended by ZeniMax.
Of the $500 million, Oculus is paying out $200 million for breaking the NDA and $50 million for copyright infringement. Oculus and Luckey each have to pay $50 million for false designation. And Iribe has to pay $150 million for the same, final count.
Reached for comment shortly after the verdict, Oculus said they will be appealing, but that they look forward to eventually putting the case behind them.
“The heart of this case was about whether Oculus stole ZeniMax’s trade secrets, and the jury found decisively in our favor,” an Oculus spokesperson told Polygon. “We’re obviously disappointed by a few other aspects of today’s verdict, but we are undeterred. Oculus products are built with Oculus technology. Our commitment to the long-term success of VR remains the same, and the entire team will continue the work they’ve done since day one – developing VR technology that will transform the way people interact and communicate