Oculus ordered to pay US$500m to ZeniMax but not guilty of stealing trade secrets

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.

It’s a win (sorta) for Oculus and Facebook. The breached NDA will cost Oculus and it’s founder Palmer Luckey US$50m each whilst it’s CEO Brendan Iribe will need to fork out US$150m.

Of course they’ll appeal that, meanwhile ZeniMax is seeking an injunction to temporarily stop any sales of the headset. Things are far from over.

Polygon have done a great job with a series of articles explaining the entire ordeal and the three companies involved sordid histories.

Source: Oculus lawsuit ends with half billion dollar judgment awarded to ZeniMax – Polygon

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