Mealeys

Mealey's Trade Secret - $250M Judgment Issued In Trade Secrets, Copyright Infringement Trademark Suit

DALLAS - A federal judge in Texas on June 27 entered final judgment in a breach of contract, copyright and trademark infringement and misappropriation of trade secrets lawsuit, ordering that a defendant in the action pay $250 million plus pre- and post-judgment interest after a jury found that several defendants violated the terms of a nondisclosure agreement (NDA) and engaged in false designation in connection with their use of the companies' proprietary information to develop certain virtual reality (VR) technology (ZeniMax Media Inc., et al. v. Oculus VR Inc., et al., No. 14-cv-1849, N.D. Texas, Dallas Div., 2018 U.S. Dist. LEXIS 107420).
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