Huge lawsuit filed against founder of Oculus Rift — will it shake up the Virtual Reality market?

Huge lawsuit filed against founder of Oculus Rift — will it shake up the Virtual Reality market?

Palmer Lucky, creator of the Oculus Rift, is being sued by a company he used to work for claiming they helped him design it.

A judge has given the go-ahead to proceed on a lawsuit against Oculus, the founder of Facebook’s virtual reality glasses.

However, U.S. District Judge William Alsup in San Francisco did dismiss several claims that Oculus was passing off another company’s confidential information, according to a Reuters report.

Alsup determined that a breach of contract claim could proceed against Palmer Luckey, the founder of Oculus and the groundbreaking virtual reality platform, the Oculus Rift. Facebook purchased Oculus for $2 billion back in 2014, the first hardware deal for the social media network as it seeks to grab a foothold in the growing wearable devices market.

Total Recall Technologies, which filed the lawsuit, alleged that it hired Luckey back in 2011 to build a prototype display, and they had Luckey sign a confidentiality agreement.

Luckey received information to improve the design in 2011 and 2011, Total Recall alleges, and Luckey then used this information to launch his own display, the Oculus Rift.

However, Luckey said the lawsuit was a “brazen attempt” to get a stake in what has now become a multi-billion-dollar company, according to the report.

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