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Facebook's Oculus VR Founder Palmer Luckey Hit With Lawsuit

Facebook's Oculus VR Founder Palmer Luckey Hit With Lawsuit 374h71

By Reuters | Updated: 23 May 2015 10:41 IST

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The founder of virtual reality glasses maker Facebook Inc for $2 billion, has been accused of taking confidential information he learned while working with another company and ing it off as his own, according to a lawsuit filed this week. 421k52

The plaintiff, Hawaii-based company Total Recall Technologies, said it hired Oculus founder Palmer Luckey in 2011 to build a prototype head mounted display. Luckey signed a confidentiality agreement, according to the lawsuit filed on Wednesday.

Throughout the latter half of 2011 and into 2012, Luckey received and information to improve the design of the display. However, Luckey used information he learned from his partnership when he launched a Kickstarter campaign for his own head mounted display called the Oculus Rift, according to the lawsuit.

The lawsuit seeks compensatory and punitive damages but does not specify and amount.

Facebook's $2 billion acquisition of Oculus last year was its first-ever hardware deal, as the company sought a way into the fast-growing wearable devices arena.

Oculus is listed as a defendant along with Luckey, and a Facebook representative on Friday declined to comment. The lawsuit was reported earlier by The Recorder, a California legal newspaper.

For its lawsuit Total Recall Technologies enlisted global law firm Quinn Emanuel Urquhart & Sullivan, which also counts Samsung Electronics Co Ltd as major clients. Luckey is accused of breach of contract and fraud, among other claims.

© Thomson Reuters 2015

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