INSUBCONTINENT EXCLUSIVE:
A Jury has halved the penalty Facebook has to pay Zenimax for it stealilng its technologyWashington: A federal court in Dallas on Wednesday
halved the $500 million verdict that a jury ordered Facebook Inc, its virtual reality unit Oculus, and others to pay ZeniMax Media Inc, a
video game publisher that alleged Oculus stole its technology.U.S
District Judge Ed Kinkeade also turned down ZeniMax's request for a ban on the sale or promotion of Oculus' products that ZeniMax alleged
violated its copyrights.The $250 million ordered against Oculus and its co-founders Palmer Luckey and Brendan Iribe to pay ZeniMax for false
designation lacked sufficient evidence for damages, Judge Kinkeade said in his order.Lawyers for Facebook and Zenimax were not immediately
available for comment outside regular business.ZeniMax sued Oculus in May 2014, alleging that trade secrets were stolen during development
of a gaming headset by Oculus
https://reut.rs/2KeNnkNIn February 2017, a U.S
jury in Dallas ordered Facebook, Oculus and other defendants to pay a combined $500 million to ZeniMax, after finding that Oculus used
ZeniMax's computer code to launch the Rift virtual-reality headset
https://reut.rs/2KepiKXThe lawsuit was filed after Facebook bought Oculus for about $2 billion in 2014.The case was in the U.S
District Court, Northern District of Texas, Dallas Division.© Thomson Reuters 2018(Except for the headline, this story has not been edited
by TheIndianSubcontinent staff and is published from a syndicated feed.)
