Winklevoss Twins Drop Lawsuit Against Facebook

Filed as News on June 23, 2011 5:01 am

Winklevoss Twins

Tyler and Cameron Winklevoss, better known to The Social Network viewers as The Winklevoss Twins have decided to end their lawsuit against Mark Zuckerberg and Facebook.

The twins have for years accused Facebook founder Mark Zuckerberg of stealing their idea for Facebook when they contracted him to build ConnectU while Zuckerberg was still a student at Harvard University.

In 2008 all parties involved settling the lawsuit for approximately $200 million, however in the last 12 months the twins tried to appeal their settlement while claiming that Zuckerberg defrauded them when paying out based on the value of Facebook stock.

The Ninth Circuit Court of Appeals declared at one point “at some point, litigation must come to an end. That point has now been reached” however the twins disagreed and filed an appeal with the U.S. Supreme Court.

In any case it’s one less lawsuit the team at Facebook have to worry about for the time being.

 

 

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