Oculus co-founder Palmer Luckey faces lawsuit

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By Larry Banks

A lawsuit brought against the co-founder of virtual reality company Oculus, Palmer Luckey, must go ahead according to a court decision this week.

The lawsuit, which was brought by the previous employer of Luckey, Total Recall Technologies, alleges that the used information he learned from his employment there in order to launch a Kickstarter campaign to fund Oculus.

A report in Reuters says that Total Recall Technologies hired Luckey in 2011 in order to build a head-mounted display system, and later received feedback in 2012 regarding the product. Luckey also signed a confidentiality agreement with the company.

The virtual reality firm Oculus was bought by Facebook back in 2014 for a $2 billion, and was the social media giant’s first hardware acquisition.

For his part, Luckey says the suit is “a brazen attempt to secure for itself a stake in Oculus VR’s recent multi-billion dollar acquisition by Facebook”.

The judge has however dismissed other claims in the lawsuit, including accusations of fraud. The case is set to go to trial later this year as a breach of contract claim.

Meanwhile, Oculus is set to release its first VR headset in just a few months time, one of a new wave of companies looking to set their sights on the potentially lucrative immersive video game industry.

SOURCE: Reuters.

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