{"id":197855,"date":"2018-07-02T14:17:33","date_gmt":"2018-07-02T08:47:33","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=197855"},"modified":"2018-07-02T14:36:59","modified_gmt":"2018-07-02T09:06:59","slug":"usd-500-mn-verdict-against-facebook-in-virtual-reality-lawsuit-modified-to-half","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2018\/07\/02\/usd-500-mn-verdict-against-facebook-in-virtual-reality-lawsuit-modified-to-half\/","title":{"rendered":"USD 500 mn verdict against Facebook in Virtual Reality lawsuit modified to half"},"content":{"rendered":"

US District Court for Northern District of Texas: <\/strong>A federal court presided by Ed Kinkeade, J. halved the amount of USD 500 million that was to be paid by Facebook Inc. and others to ZeniMax Media Inc., a video game publisher. The Court also turned down ZeniMax\u2019s request for the ban on sale and promotion of products by \u2018Oculus\u2019- virtual reality unit of Facebook. In 2014, Oculus (bought by Facebook for about USD 2 billion) was sued by ZeniMax alleging it of stealing trade secrets while developing a headset and violating copyright. In 2017, a US Jury in Dallas found that Oculus used ZeniMax’s computer code to launch \u2018Oculus Rift\u2019-VR headset; and ordered Facebook, Oculus, and others to pay a combined USD 500 mn to ZeniMax. Kinkeade, J., in his order, said that USD 250 mn ordered against Oculus and its co-founders for false designation lacked sufficient evidence for damages. Holding thus, the Court halved the amount to be paid by Facebook, Oculus, and others.<\/p>\n

[Source: Reuters]<\/p>\n","protected":false},"excerpt":{"rendered":"

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