When John Carmack and ZeniMax settled their long-running legal dispute earlier this fall, we noted that the companies were continuing to appeal how much money Oculus would be pay out to ZeniMax Media as a result of the trade secrets lawsuit that’s been running the better part of the last four years. As it turns out, we may never know, as Oculus and ZeniMax have settled out of court.
“ZeniMax Media Inc. announced today 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,” ZeniMax wrote in its press release today. “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.”
Let’s hope today is the last time I ever have to updated our complete list of coverage of this particular legal drama, shall we?
