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.
Mike Mireles at 23:32:00