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 Oculus VR and Founder Accused of Breach of Contract and Fraud

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PostSubject: Oculus VR and Founder Accused of Breach of Contract and Fraud   Oculus VR and Founder Accused of Breach of Contract and Fraud EmptyMon May 25, 2015 2:59 pm

http://www.ign.com/articles/2015/05/25/oculus-vr-and-founder-accused-of-breach-of-contract-and-fraud?utm_source=IGN%20hub%20page&utm_medium=IGN%20(front%20page)&utm_content=14&utm_campaign=Blogroll

Oculus VR founder Palmer Luckey is being accused of passing off work that he did developing virtual reality technology for Hawaii-based company Total Recall Technologies as his own, according to a lawsuit filed last Wednesday.

Total Recall Technologies claims it hired Luckey in 2011 to create a prototype head mounted display after signing a contract and nondisclosure agreement. Luckey is accused of using feedback and information to improve the device that he received through the partnership from late 2011 until 2012 to launch a Kickstarter campaign for his own product, the Oculus Rift.

Legal publication The Recorder reports that the lawsuit “seeks compensatory and punitive damages but does not specify and amount.” Total Recall is seeking claims of breach of the duty of good faith and fair dealing against Luckey, along with conversion and constructive fraud against both Oculus and its founder.

The Facebook-owned Oculus is expected to begin shipping the consumer version of the Oculus Rift in Q1 2016, with pre-orders opening later this year. A special event is slated for June 11 in San Francisco where the company plans to reveal more information about its VR headset.
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