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 by The Associated Press.  All Rights Reserved.)

Comments

One Comment

  1. Jak says:

    That’s how you do it. Steal some else ideas Ex. Bill gates, al gores

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Sacramento

Tickets to aftershock now on sale
Follow Us On Facebook

Listen Live