ZeniMax and Facebook have finally settled their agreement on an ongoing lawsuit.
The lawsuit was first filed back to 2014 when ZeniMax Media claimed that Facebook’s Oculus had infringed against their intellectual property. A jury ruled in favor of ZeniMax for $500M later during a Federal District Court in Dallas last year. The court then reduced the value to half- just $250M.
After a long debate, the case eventually went to the US Court of Appeals and pended until yesterday, where it was finally settled between the two companies upon agreement.
ZeniMax Media’s CEO Robert Altman stated the following about 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.”
Most people had no idea that Facebook’s Oculus was even under infringement during that time. Promotional material, advertising, and censored media all contribute to keeping the public’s view distorted. Now that the case has been settled, the news finally breaks through the clouds.
Regardless, it’s nice to see the two companies happy with their decision.