However in awarding ZeniMax $500 million, the jury said that Oculus did not misappropriate trade secrets as contended by ZeniMax.

Of the $500 million, Oculus is paying out $200 million for breaking the NDA and $50 million for copyright infringement. Oculus and Luckey each must pay $50 million for false designation. And Iribe has to pay $150 million for the same, final count.

Oculus said it will appeal, but that it looks forward to eventually putting the case behind it.

The main part of the case was whether Oculus stole ZeniMax's trade secrets, and the jury found decisively in Oculus favour, an Oculus spokesperson said.

“We're obviously disappointed by a few other aspects of today's verdict, but we are undeterred. Oculus products are built with Oculus technology. Our commitment to the long-term success of VR remains the same, and the entire team will continue the work they've done since day one – developing VR technology that will transform the way people interact and communicate. “

ZeniMax has said that it might seek an injunction to stop the sale of Oculus Rift headsets, at least temporarily.

Robert Altman, ZeniMax’s Chairman and CEO, added that “technology is the foundation of our business and we consider the theft of our intellectual property to be a serious matter. We appreciate the jury’s finding against the defendants, and the award of half a billion dollars in damages for those serious violations”.

During closing arguments, last week, ZeniMax attorney Anthony Sammi called the incident a heist and argued that ZeniMax should be awarded $2 billion in compensation and another $4 billion in punitive damages. Oculus attorney Beth Wilkinson argued that the multibillion-dollar lawsuit was driven by ZeniMax’s embarrassment, jealousy and anger, not facts.

During the hearing, the court heard how talks between ZeniMax and Oculus broke down when ZeniMax demanded a 15 percent equity interest in Oculus.

Palmer Luckey was called in to rebut allegations that he couldn’t have created the Oculus Rift without the help of Carmack.

Facebook’s Mark Zuckerberg was grilled about his company’s seemingly rushed acquisition of Oculus for $2 billion. And during the first week of the trial, Carmack was questioned about his decision to copy some code from id Software computers before leaving the company to work at Facebook with Luckey.