Jury issues $500 million verdict in Facebook virtual reality lawsuit

A jury in Texas on Wednesday ordered Facebook Inc., its virtual reality unit Oculus and other defendants to pay a combined $500 million to ZeniMax Media Inc., a video game publisher that says Oculus stole its technology.

The jury in federal court in Dallas found Oculus, which Facebook acquired for about $2 billion in 2014, used ZeniMax’s computer code to launch the Rift virtual-reality headset. ZeniMax alleges that video game designer John Carmack developed core parts of the Rift’s technology while working at a ZeniMax subsidiary. Oculus hired Carmack in 2013.

http://www.msn.com/en-us/money/companies/jury-issues-dollar500-million-verdict-in-facebook-virtual-reality-lawsuit/ar-AAmvMFS?li=BBmkt5R&ocid=spartandhp