|Title||Facebook/Oculus Ordered to pay $500 Million to ZeniMax|
|Date||Thursday February 02 2017, @12:36PM|
|from the digging-in-the-couch-cushions dept.|
Mark Zuckerberg's first courtroom testimony hasn't gone over so well. A jury has awarded ZeniMax Media Inc. $500 million in damages in the Oculus Rift case:
The virtual reality headset maker that Facebook Inc. bought in 2014 for $2 billion used stolen technology, a jury said in awarding $500 million damages to ZeniMax Media Inc.
Jurors in Dallas federal court on Wednesday sided with ZeniMax in its trade-secrets case over the Oculus Rift, the device that has put the social media giant at the forefront of the virtual reality boom. The verdict is a rebuke of Facebook Chief Executive Officer Mark Zuckerberg, who isn't a defendant but who told jurors in his first-ever courtroom testimony that it was important for him to be there because the claims by ZeniMax Media Inc. were "false."
The case is ZeniMax Media Inc. v. Oculus VR Inc., 3:14-cv-01849, U.S. District Court, Northern District of Texas (Dallas). Not to be confused with the Eastern District of Texas. From a 2013 article in Dallas News:
Judges in the Northern District, which includes Dallas and Fort Worth, saw an 18 percent increase in patent cases filed. And legal experts expect that number will significantly increase in 2013 now that three judges in Dallas have committed to focusing more of their time and expertise on intellectual property disputes.
Also at The Verge.
Facebook to Buy Rift Maker Oculus VR for $2bn
Mark Zuckerberg Will Testify in Oculus VR Trade Secrets Trial
printed from SoylentNews, Facebook/Oculus Ordered to pay $500 Million to ZeniMax on 2022-12-09 15:36:33