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Texas court orders Oculus to pay Zenimax $500 million

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.

Oculus Rift (Photo courtesy of Oculus).

 

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