Facebook gets enforcment of settlement in Winklevoss case

“Cameron and Tyler Winklevoss must accept a cash and stock settlement with Facebook that had been valued at $65 million, a U.S. appeals court ruled on Monday.”

As depicted in the recent “The Social Network” movie, the Winklevoss twins claim they were stifled by Facebook founder Mark Zuckerberg in launching what has been reprted to be a Facebook like website. The claim has been settled but the Olympic rowers are far from please with the $65 million and Facebook share deal offered.

They have announced thier willingness to take this higher with a sophisticated team of lawyers ready to punce yet again to 9th Circuit judges who could overrule the 3 judge ruling against them to accept the settlement, beyond that they could go to US supreme court but it’s not looking good for them.

via Winklevoss twins must accept Facebook deal – court | Reuters.

Advertisements

Leave a Reply

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

WordPress.com Logo

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

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