Facebook Payout in ZeniMax Suit Cut in Half

rgMekanic

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In the latest, and likely final development in the ongoing battle between ZeniMax and Facebook in which ZeniMax claimed that Oculus software contained stolen code. The $500 million payout that was awarded to ZeniMax in February 2017 has been cut in half according to an article on Bloomberg.

U.S. District Judge Ed Kinkeade in Dallas affirmed the $200 million for breach of contract, as well as $50 million for copyright infringement, however he wiped out the additional $250 million awarded by the jury, and also rejected ZeniMax's request to ban sales of the Oculus headsets. In the end, ZeniMax is walking away with $250 million, plus $54 million in interest.

Seems odd that a jury verdict was cut in half, especially with no reason given in the Bloomberg article.

"Based on a strong evidentiary record, the jury in this case found that ZeniMax was seriously harmed by the defendants’ theft of ZeniMax’s breakthrough VR technology and its verdict reflected that harm," the company said in a statement, adding that it’s weighing next steps.
 

BloodyIron

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20% per annum interest? that's a fucking tasty cut right there, how do I get a cut of that?
 

Jim Kim

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Well it is not like it is a loan, it is a late payment, so the interest tends to be higher.
That's why you always pay the full amount upfront then upon appeal the other side has to pay you interest on the amount you overpaid.
schwing
 

Shmee

[H]ard|Gawd
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That's why you always pay the full amount upfront then upon appeal the other side has to pay you interest on the amount you overpaid.
schwing

I can see it both ways. They are hoping that if they keep appealing and delaying that they will not have to pay anything except for the legal team that they already have on their payroll. It has already saved them just under $200 Million after you deduct the interest from what the judge took off. Not to mention by not paying, that is $450 Million that they have been able to invest in their own interests, so it is not like it is just sitting there.
 
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