ZeniMax, Oculus End Appeals Of $304M IP Judgment

Law360 (December 11, 2018, 10:08 PM EST) -- ZeniMax Media Inc. and Oculus VR LLC announced Monday they settled their cross-appeals in the Fifth Circuit stemming from disputes that led to a final judgment of $304 million in favor of ZeniMax after a jury found that Facebook-owned Oculus infringed its virtual reality intellectual property.

The appeals court approved the suit's dismissal Tuesday. Details of the settlement were not included in the filing.

A Texas federal jury found in February 2017 that Oculus and its executives should pay $500 million in damages to ZeniMax for copyright and trademark infringement and breach of a nondisclosure agreement in a case tied to...

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