IbizaPocholo
NeoGAFs Kent Brockman
https://www.polygon.com/2018/12/12/18137706/zenimax-facebook-lawsuit-john-carmack-palmer-luckey
ZeniMax Media, the parent company of Bethesda Softworks and id Software, and Facebook have settled their lawsuit concerning the development of the Oculus VR headset, Zenimax announced this morning. The agreement closes a four-and-a-half year battle in which Zenimax alleged that id co-founder John Carmack provided trade secrets to Oculus.
In a brief statement from ZeniMax, the company said it had agreed to settle the litigation but not the amount to be paid. ZeniMax originally won a $500 million judgment from a federal jury in Texas in February 2017, with Oculus founder Palmer Luckey on the hook for $50 million of that, and former CEO Brendan Iribe liable for $150 million.
A federal judge later halved that award and ZeniMax appealed to the U.S. Court of Appeals for the Fifth Circuit. This settlement ends that appeal. Robert Altman, the chairman and chief executive of Zenimax, said the company is “fully satisfied by the outcome.”
ZeniMax Media, the parent company of Bethesda Softworks and id Software, and Facebook have settled their lawsuit concerning the development of the Oculus VR headset, Zenimax announced this morning. The agreement closes a four-and-a-half year battle in which Zenimax alleged that id co-founder John Carmack provided trade secrets to Oculus.
In a brief statement from ZeniMax, the company said it had agreed to settle the litigation but not the amount to be paid. ZeniMax originally won a $500 million judgment from a federal jury in Texas in February 2017, with Oculus founder Palmer Luckey on the hook for $50 million of that, and former CEO Brendan Iribe liable for $150 million.
A federal judge later halved that award and ZeniMax appealed to the U.S. Court of Appeals for the Fifth Circuit. This settlement ends that appeal. Robert Altman, the chairman and chief executive of Zenimax, said the company is “fully satisfied by the outcome.”
