ZeniMax Settles Its Lawsuit Against Oculus
ZeniMax has settled its lawsuit against Oculus and Facebook which claimed that Oculus took ZeniMax's proprietary tech for Oculus' Rift VR headset. Terms of the settlement are undisclosed.
Back in 2017 a jury found Oculus guilty and awarded ZeniMax a $500 million settlement based on a breach of a non-disclosure agreement and misuse of copyrights and trademarks. This was later reduced to $250 million this summer.
"We are please that a settlement has been reached and are fully satisfied by the outcome," said Robert Altman, ZeniMax chairman and CEO. "While we dislike litigation, we will always vigorously defend against any infringement or misappropriation of our intellectual property by third parties."