Texas court orders Oculus to pay Zenimax $500 million
A court in Texas has ordered Oculus to pay games company Zenimax $500 million. The court concluded that Oculus co-founder Palmer Luckey, and by extension Oculus, failed to comply with a non-disclosure agreement he signed, according to a report from Polygon.
Oculus will pay out $200 million for breaking the NDA and $50 million for copyright infringement. Oculus and Luckey will each pay $50 million for false designation, while Iribe will pay $150 million for the same, final count.
The jury also said that Oculus did not misappropriate trade secrets as contended by ZeniMax, the report added.