Violation of a nondisclosure agreement can cause $500 million in damage! Ask Oculus.
VentureBeat noted:
Carmack and Palmer said they didn’t take any ZeniMax technology, and the jury agreed that they were not guilty of the most serious allegations of theft of trade secrets. But the jury awarded ZeniMax $500 million because it found that Luckey violated a nondisclosure agreement [NDA] he had with ZeniMax. It appears to be a small transgression, but an expensive one.
(…)
ZeniMax said it might seek on injunction against the further sale of Oculus Rift headsets. It noted that the verdict found Luckey was guilty of a violation of copyrights as well as an NDA. ZeniMax called Carmack’s use of Rage source code — a game that he helped create — a “theft.” Brendan Iribe, CEO of Oculus, and Carmack were also found to have violated ZeniMax copyrights. But the verdict said that none of those accused was guilty of misappropriated trade secrets.
From blawgsearch, on 2 February 2017:
Carmack and Palmer said they didn’t take any ZeniMax technology, and the jury agreed that they were not guilty of the most serious allegations of theft of trade secrets. But the jury awarded ZeniMax $500 million because it found that Luckey violated a nondisclosure agreement [NDA] he had with ZeniMax. It appears to be a small transgression, but an expensive one.
(…)
ZeniMax said it might seek on injunction against the further sale of Oculus Rift headsets. It noted that the verdict found Luckey was guilty of a violation of copyrights as well as an NDA. ZeniMax called Carmack’s use of Rage source code — a game that he helped create — a “theft.” Brendan Iribe, CEO of Oculus, and Carmack were also found to have violated ZeniMax copyrights. But the verdict said that none of those accused was guilty of misappropriated trade secrets.
From blawgsearch, on 2 February 2017:
posted by Lawrence B. Ebert at 3:17 PM
0 Comments:
Post a Comment
<< Home