Harvard Twins Appeal Facebook Settlement Ruling

SAN FRANCISCO (AP) — A Facebook lawsuit at the heart of the Hollywood blockbuster “The Social Network” lives on.

Two former Harvard University classmates of company founder Mark Zuckerberg asked a federal appeals court Monday to reconsider its order that they accept a settlement over the website’s creation.

Tyler and Cameron Winklevoss initially claimed Zuckerberg stole their idea for Facebook but agreed to drop their lawsuit in 2008 in exchange for $20 million in cash plus stock in the company.

The twins say they later discovered the stock was worth less than claimed at the time, and they sought to have the deal voided.

A three-judge panel of the 9th U.S. Circuit Court of Appeals ruled against the Winklevosses last week. Their lawyers have asked for a special 11-judge panel to consider their appeal.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

One Comment

  1. alan hart says:

    These guys are well versed and intelligent. They are trying to force the defense to offer a settlement. However, when you are fighting a billionaire, they don’t back down easily. The twins also agreed to the settlement and it was their responsibility to research the value of the stock. Sorry, the will have to live o their $40,000,000.

  2. Shoe says:

    Greedy Winklevosses. Grow up and qit yer snivellin’

  3. Carlos Cuevas says:

    Wow, is that what a Harvard degree gets you. The ability to whine and cry over 20 million bucks. Gets a life you jerks….

  4. Dork Buttock says:

    Facebook was actually my idea anyway. I came up with the concept in the 80’s but was too drunk to write it down, but you don’t see me going after the Z man.

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