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Facebook Settlement From 2004 Rages On: Claims Of Being Misled
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Msg#: 4247895 posted 4:54 pm on Dec 31, 2010 (gmt 0)

Facebook Settlement From 2004 Rages On: Claims Of Being Misled [nytimes.com]
Some people go to court hoping to win millions of dollars. Tyler and Cameron Winklevoss have already won tens of millions. But six years into a legal feud with Facebook, they want to give it back for a chance to get more.
The Winklevosses identical twins and Harvard graduates say that they, along with another Harvard student, Divya Narendra, had the original idea for Facebook, and that Mark Zuckerberg stole it. They sued Facebook and Mr. Zuckerberg in 2004, and settled four years later for $20 million in cash and $45 million in Facebook shares.

They have been trying to undo that settlement since, saying they were misled on the value of the deal. But it has not been an easy decision.


 

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