• ZeniMax Announced The Confidential Settlement With Facebook Over Oculus VR Lawsuit Is Reached
  • A Confidential Settlement With Facebook Over Oculus VR Lawsuit With Bethesda Softworks parent company, ZeniMax Is Now Been Approve
  • ZeniMax Facebook Oculus VR Lawsuit




ZeniMax has made official that they have reached a settlement with Facebook over the lawsuit that was filed for Oculus VR.

 ZeniMax Facebook Oculus VR Lawsuit Settlement approved

In a press release sent by ZeniMax, who also owns Bethesda Softworks, they have confirmed this news and stated that the terms of the statement were confidential.

ZeniMax Media Inc. announced yesterday that it had agreed to settle the litigation it brought against Facebook, Oculus and others for the unlawful misappropriation of its breakthrough VR technology that ZeniMax had developed. The case was tried in the Federal District Court in Dallas in January 2017, resulting in a jury verdict in favor of ZeniMax for $500,000,000, and other relief. Subsequently, the District Court reduced the damage award to $250,000,000, and the parties appealed to the U.S. Court of Appeals for the Fifth Circuit. The appeal was pending when the settlement was reached with Facebook. The terms of the settlement are confidential.


According to Robert Altman, ZeniMax’s Chairman and CEO stated that, regarding the resolution of the case: "We are pleased that a settlement has been reached and are fully satisfied by the outcome. While we dislike litigation, we will always vigorously defend against any infringement or misappropriation of our intellectual property by third parties".

Perhaps, This means the end of any such lawsuits regarding the Oculus VR, which is now owned by Facebook.

Source
Axact

Axact

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