Events that stem back as long as 2014, Zenimax and Facebook have finally resolved an ongoing lawsuit.
Zenimax Media Have Settled a Lawsuit Against Facebook and Oculus
In an announcement today Zenimax Media have shared they have now settled the litigation that was against Facebook and Oculus. The lawsuit that started in 2014, Zenimax Media made a claim that Oculus had infringed upon their IP without their consent. The case was taken to the Federal District Court in Dallas later in 2017, the jury has ruled in favour of Zenimax which granted them a $500,000,000 settlement. Later, the court reduced this to $250,000,000. It was later taken to the U.S. Court of Appeals where it was in process until today, where Zenimax and Facebook have reached agreed upon terms.
A statement that was released by the CEO of Zenimax Robert Altman, he stated:
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.
The terms of the settlement has been been made public at this time.
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