Oculus VR chief technology officer John Carmack is suing his former employer ZeniMax Media for more than $22.5 million USD.
The lawsuit claims ZeniMax, which was revealed to have purchased id for $150 million, didn't pay Carmack the final installment he claims he is owed.
According to a report by the Dallas News, Carmack "received a convertible promissory note valued at more than $45.1 million," from the sale of id to ZeniMax in 2009.
Carmack converted half his shares in id into ZeniMax stock, and the other half is the subject of the lawsuit.
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The lawsuit claims ZeniMax, which was revealed to have purchased id for $150 million, didn't pay Carmack the final installment he claims he is owed.
According to a report by the Dallas News, Carmack "received a convertible promissory note valued at more than $45.1 million," from the sale of id to ZeniMax in 2009.
Carmack converted half his shares in id into ZeniMax stock, and the other half is the subject of the lawsuit.
Continue reading…
Continue reading...