Wednesday, 1 February 2017
$500 Million Dollar Verdict Against Oculus
Corporate Counsel (John Council with Texas Lawyer) has just announced that a Dallas, Texas jury has awarded $500 million against Facebook owned Oculus to ZeniMax Media in a copyright infringement and trade secret misappropriation case. Interestingly, the article notes that Mark Zuckerberg testified that Facebook only "had just one weekend to conduct a due diligence before completing the deal." I bet that was a very, very busy weekend for some lawyers. Whither "Facebook's" virtual reality technology? It'll be interesting to see how the appeals work out. Please see the article for more information.