By court order Oculus must pay $500 million to ZeniMax
Feb 1, 2017

By court order Oculus must pay $500 million to ZeniMax

For failing to uphold a non-disclosure agreement which Oculus co-founder Palmer Luckey signed, a Texas jury ordered that Oculus pay a half a billion dollars.

As ZeniMax staff wrote, Palmer Luckey left the company with a working prototype and code, working on this project with other ex-employees. Moreover, Luckey, developers claimed, stole a host of documents and data necessary for creation of the Rift headset. Oculus’ lawyers declared the claim was justified only by the “jealousy” and “embarrassment”.

A payment of $500 000 000 is the total amount which includes $200 million for breaking the NDA, $50 million for copyright infringement, $50 million for false designation and personal payment to Palmer Luckey ($50 million) and former Oculus CEO Brendan Iribe ($150 million for false designation).


ZeniMax appreciate the result.


“Technology is the foundation of our business and we consider the theft of our intellectual property to be a serious matter,” said Robert Altman, ZeniMax’s Chairman and CEO to Polygon. “We appreciate the jury’s finding against the defendants, and the award of half a billion dollars in damages for those serious violations.”

News

Apr 26, 2017

Google Announces New VR Camera

As developers argue, the new Google camera JUMP is lighter and smaller than the previous devices. This novelty is called YI HALO and is based on the action-camera YI Technology, a subsi...

Apr 19, 2017

Facebook Spaces

Social network called “Spaces” launched by Facebook in beta last month, is already available in Oculus store.

Apr 2, 2017

All Vive Trackers have sold out

​The sale started last week and already the HTC Vive sold out of its first initial batch of Trackers created for developers. Despite this, the company is accepting new orders for future...

All news