Latest Winklevoss suit against Facebook is dismissed
In late June, we reported that Cameron and Tyler Winklevoss weren’t quite finished with their legal battle against Facebook CEO Mark Zuckerberg, who they say stole their idea to create a social-networking website when they were all Harvard students.
July 25, 2011 at 07:08 AM
2 minute read
The original version of this story was published on Law.com
In late June, we reported that Cameron and Tyler Winklevoss weren't quite finished with their legal battle against Facebook CEO Mark Zuckerberg, who they say stole their idea to create a social-networking website when they were all Harvard students. But as of Friday, the twins' courtroom skirmishes with Zuckerberg may be officially over.
In April, the 9th Circuit ruled that the 2008 settlement between the Winklevosses, their business partner Divya Narendra and Zuckerberg—in which the Winklevosses and Narendra received $20 million in cash and $45 million in Facebook stock—was adequate. The twins and their partner had challenged the settlement, saying Facebook misrepresented its true value during proceedings. After the circuit court's decision, the Winklevosses and Narendra announced they were pursuing a separate lawsuit in Boston, in which they claimed that Facebook suppressed evidence during the discovery phase of the settlement negotiations.
But on Friday, U.S. District Judge Douglas Woodlock dismissed the lawsuit, essentially closing the doors on the nearly seven-year legal battle. The Winklevosses and Narendra have not commented on the decision.
In late June, we reported that Cameron and Tyler Winklevoss weren't quite finished with their legal battle against Facebook CEO Mark Zuckerberg, who they say stole their idea to create a social-networking website when they were all Harvard students. But as of Friday, the twins' courtroom skirmishes with Zuckerberg may be officially over.
In April, the 9th Circuit ruled that the 2008 settlement between the Winklevosses, their business partner Divya Narendra and Zuckerberg—in which the Winklevosses and Narendra received $20 million in cash and $45 million in Facebook stock—was adequate. The twins and their partner had challenged the settlement, saying Facebook misrepresented its true value during proceedings. After the circuit court's decision, the Winklevosses and Narendra announced they were pursuing a separate lawsuit in Boston, in which they claimed that Facebook suppressed evidence during the discovery phase of the settlement negotiations.
But on Friday, U.S. District Judge Douglas Woodlock dismissed the lawsuit, essentially closing the doors on the nearly seven-year legal battle. The Winklevosses and Narendra have not commented on the decision.
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