Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
Tech
»
1-min read

US Court Halves $500 Million verdict in Facebook Virtual Reality Lawsuit

The lawsuit was filed after Facebook bought Oculus for about $2 billion in 2014.

Reuters

Updated:June 29, 2018, 10:12 AM IST
facebookTwittergoogleskypewhatsapp
US Court Halves $500 Million verdict in Facebook Virtual Reality Lawsuit
Christchurch shootings: New Zealand Firms to Pull Ads From Facebook, Google (Photo: Reuters)
A federal court in Dallas on Wednesday halved the $500 million verdicts 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.

Also Read: LG Launches X2 Smartphone with 5-inch HD display, 2GB RAM

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.

Also Read: Nokia A1 Plus With In-Display Fingerprint Scanner Could Launch at IFA 2018

In 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. The 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.

Also Watch: FIFA World Cup 2018 Russia | VAR Technology Explained
| Edited by: ---
Read full article
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 

Live TV

Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results