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Mark Zuckerberg and Facebook lose Oculus case, has to pay $500 million


2017-02-02 01:26:11
A jury, on the case between Facebook and Zenimax Media, has just made a decision and awarded Zenimax $500 million. Wearing a suit to the court didn't seem to help Zuckerberg, as jury still found that the terms of non-disclosure agreement have been violated.

Oculus VR was also found guilty of copyright infringement.

In addition to $500 million that Facebook has to pay, Palmer Freeman Luckey, the founder of Oculus VR and designer of the Oculus Rift, has to pay $50 million personally, and the former CEO of the company, Brendan Iribe, $150 million.

According to TechCrunch, Facebook's comments on the official ruling said that they are not happy with a few aspects of tghe verdict, but generally undeterred.

Zenimax Media's spokesperson said they are pleased with the decision, but will keep going with the cases against Facebook to make sure their computer code won't be used by Facebook and Oculus.

One thing Oculus was not found guilt of, were the claims that Oculus had stolen trade secrets to create the Rift headset.

Even though the half a billion verdict seems big, allegedly Zenimax Media was looking to get six billion dollars.




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