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February 24, 2017
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Oculus founder Palmer Luckey will be sued for breach of contract
Oculus founder Palmer Luckey will be sued for breach of contract
January 19, 2016 | By Christian Nutt




Newsbrief: A lawsuit against Oculus VR founder Palmer Luckey and his Facebook-owned VR company can move forward after a judge ruled that a breach of contract claim can proceed, Reuters reports.

However, other claims brought by Hawaii's Total Recall Technologies were dismissed.

According to the company, Total Recall signed a deal with Luckey in 2011 that would see him develop a virtual reality device -- prior to the 2012 Kickstarter campaign for the Oculus Rift. The company alleged that he breached confidentiality and contract, and used the company's confidential information to create his successful Kickstarter campaign -- which ultimately lead to the Oculus Rift technology and the $2 billion acquisition by Facebook.



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