Facebook Settles Lawsuit with Game Company over Technology Dispute

Facebook Settles Lawsuit with Game Company over Technology Dispute


U.S. tech giant Facebook has reached a settlement with video gaming firm ZeniMax Media over a lawsuit alleging Facebook's theft of ZeniMax-held proprietary virtual reality (VR) technology, ZeniMax CEO Robert Altman said in a statement published on Wednesday. The terms of the settlement reached earlier in the day was not disd, but Altman said his company was satisfied with the result. ZeniMax sued Facebook, which bought VR hardware manufacturer Oculus in 2014, for improperly using data provided by John Carmack, who was chief software designer of ZeniMax-owned Id Software company. ZeniMax alleged that Carmack stole its technological secrets to help Oculus develop the Oculus Rift VR headset products. A federal jury found Oculus guilty of copyright infringement and awarded ZeniMax 500 million U.S. dollars in damages in 2017, but a district court in Dallas, Texas state reduced the amount to 250 million dollars in June 2018 after Facebook and Oculus appealed. A Facebook spokesperson told local media it will focus more time on development of its VR products after the case is d.

Source: Ecns.cn

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It is lucky for Chen Jun to began his career in the IP industry 14 years ago when the first group of IP managers for businesses appeared on the stage in China and he has been in the industry.

It was this “Whampoa Military Academy” for IP that educated China’s first batch of corporate IP management personnel. Many of these engineers left Foxconn in the years since.