Thursday, February 2, 2017

Jury says Facebook-owned Oculus stole tech from Rockville company, awards $500M

A Dallas jury ruled on Wednesday that Oculus and one of its founders violated a non-disclosure agreement with Texas-based id Software, ending the weeks-long trial that brought Facebook (NASDAQ: FB) CEO Mark Zuckerberg to town. The jury ordered that Oculus and its co-founders pay Rockville-based ZeniMax Media, Inc., the parent to id Software, a total of $500 million in damages. The damages are for Oculus breaking its NDA and copyright infringement. Oculus co-founders Brendan Iribe and Palmer Luckey…



from http://www.bizjournals.com/baltimore/news/2017/02/02/jury-says-facebook-owned-oculus-stole-tech-from.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/156710591267

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