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Facebook agreed to pay an undisclosed amount of cash and stock to settle a long- running legal battle over whether founder Mark Zuckerberg stole ideas for the site from fellow Harvard students, according to court documents released late on Wednesday.
The settlement agreement was delayed by a subsequent challenge by the Winklevosses, who argued the deal was incomplete and that Facebook had committed fraud by failing to disclose crucial documents related to Zuckerberg's actions.
On Wednesday, Judge James Ware of the U.S. District Court for the Northern District of California rejected those claims and ruled the settlement is enforceable and ordered the parties to a July 2 hearing to determine how to carry out the deal.