ZeniMax Media Settles Lawsuit Against Facebook and Oculus
After a long series of events dating all the way back to 2014, ZeniMax and Facebook have finally agreed to terms to settle an ongoing lawsuit.
ZeniMax Media today announced that it has settled the litigation that it had previously brought forth against Facebook and Oculus has now been settled.
This lawsuit began all the way back in 2014 when ZeniMax Media claimed Oculus had unlawfully infringed upon their IP. The case later went to Federal District Court in Dallas during 2017 where a jury ruled in favor of ZeniMax for $500,000,000. The court later reduced this value to $250,000,000. The case eventually went to the U.S. Court of Appeals and was pending before today’s settlement between Facebook and ZeniMax Media was finally agreed upon.
In a statement released by ZeniMax Media CEO Robert Altman, he commented on the resolution of this 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.”
Terms of the settlement between ZeniMax Media and other parties have not been disclosed to the public.