Harvard Twins Appeal Facebook Settlement Ruling
Don't Miss This
- ICE: Local Authorities Have Denied 8,800 Federal Immigration Hold Requests This Year
- Modesto Wants To Crack Down On Residents Parking Cars On Lawns
- Republican Lawmakers Call For Travel Ban From West Africa Amid Ebola Fears
- Taryn Manning Of ‘Orange Is the New Black’ To Headline Grave Digger’s Ball
- Is Former Sacramento Real-Estate Mogul Once Accused Of Secret Recording At It Again?
Get Breaking News First
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 by The Associated Press. All Rights Reserved.)