Facebook ordered to pay $500 million to ZeniMax in Oculus Rift lawsuit

Facebook-owned Oculus must pay half a billion dollars to game company ZeniMax after a Texas jury deliberated in a case about the Oculus Rift headset. The jury found that Oculus co-founder, Palmer Luckey, failed to comply with a non-disclosure agreement. Although now facing a $500 million bill, not everything in the case went against Facebook. Oculus was found not to have stolen trade secrets from ZeniMax, and the company plans to appeal against the charges for which it was found guilty. The $500 million is rather less than the $4 billion ZeniMax had been hoping for, but Oculus is largely… [Continue Reading]