Forum Views ()
Forum Replies ()
Read more with google mobile :
Winklevoss twins lose bid to reopen Facebook case
|
Edition:
U.S.
Article
Comments (0)
Global Technology Summit
Mobile generation upends tech
AT&T plans consumer security service for 2012
AOL expands local news network in U.S.
Samsung sees better LCD performance; no big investments
Dodd-Frank hurt mobile payment system plans: AT&T
Social network Viadeo shelves IPO plan
AT&T: No room for both Clearwire and LightSquared
Smartcard maker Gemalto bets on security
Comment: Stay tuned for “Streak”
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
WRAPUP 10-IMF chief denied bail, jailed in sex assault case
16 May 2011
Historic Vicksburg, Mississippi faces flood siege
|
16 May 2011
UPDATE 1-RIM nears 2-year low after recalling some Playbooks
16 May 2011
HP to pull trigger early on results after CEO memo
12:13am EDT
Cathay emergency landing triggers investigation
16 May 2011
Discussed
134
Son says bin Laden sea burial demeans family: report
96
Texas county official says ”stupid” feds sparked fire
76
Israel-Palestinian violence erupts on three borders
Watched
Fire ants form rafts to defy floods
Tue, Apr 26 2011
Boot camp for rebels in Libya
Sun, May 15 2011
Shuttle Endeavour blasts off
Mon, May 16 2011
Winklevoss twins lose bid to reopen Facebook case
Tweet
Share this
By Jonathan Stempel
NEW YORK (Reuters) - The twin brothers who accused Facebook Inc and founder Mark Zuckerberg of stealing their idea for the social networking website lost their bid to have a U.S. court void a multi-million dollar settlement of...
Email
Print
Related News
Winklevoss twins lose bid to reopen Facebook case
Mon, May 16 2011
Supreme Court narrows scope of whistleblower suits
Mon, May 16 2011
U.S. court finds against Rambus, shares plunge
Fri, May 13 2011
Rating agencies win dismissal of lawsuits
Wed, May 11 2011
Federal judge blocks Utah immigration law
Tue, May 10 2011
Analysis & Opinion
Tech wrap: Yahoo battle with Alibaba heats up
COLUMN: British bankers give up payment-protection appeal – the implications
Related Topics
Technology Home »
Media »
Facebook »
Cameron Winklevoss (L) and twin brother Tyler Winklevoss are shown in this combination photo leaving the 9th Circuit Court of Appeals after a hearing on a settlement dispute with Facebook's Mark Zuckerberg in San Francisco, California January 11, 2011.
Credit: Reuters/Stephen Lam
By Jonathan Stempel
NEW YORK |
Mon May 16, 2011 8:58pm EDT
NEW YORK (Reuters) - The twin brothers who accused Facebook Inc and founder Mark Zuckerberg of stealing their idea for the social networking website lost their bid to have a U.S. court void a multi-million dollar settlement of their claims.
Cameron and Tyler Winklevoss failed to convince the 9th U.S. Circuit Court of Appeals in San Francisco to reconsider its April 11 ruling upholding the $65 million cash-and-stock settlement they reached with Facebook in 2008.
The brothers had complained the settlement was fraudulent because Facebook hid information from them. They also said they should have received more Facebook stock.
Without providing a reason, the court declined to have an 11-judge panel review the original ruling, which had been made by a three-judge panel.
Jerome Falk, a lawyer for the brothers, said in a statement that he plans to appeal to the U.S. Supreme Court.
Facebook spokesman Andrew Noyes said in an email that the company was pleased with the court's decision.
The identical twin Winklevosses were classmates of Zuckerberg at Harvard University and are rowers who competed in the 2008 Beijing Olympics. Their feud with Zuckerberg was dramatized in the 2010 film "The Social Network."
A revised accord could enable the Winklevosses to benefit from Facebook's rising market value, which private investors have said in recent weeks might top $70 billion.
But in his April ruling, Chief Judge Alex Kozinski had called the brothers "sophisticated parties" who, with a team of lawyers and a financial adviser, had reached a "quite favorable" settlement.
In a separate lawsuit, New York businessman Paul Ceglia is claiming he had a contract with Zuckerberg that entitles him to 84 percent of Facebook.
The case is Facebook Inc et al v. ConnectU Inc et al, 9th U.S. Circuit Court of Appeals, No. 08-16745.
(Reporting by Jonathan Stempel; editing by Andre Grenon and Carol Bishopric)
Technology Home
Media
Facebook
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters.
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Social Stream (What's this?)
© Copyright 2011 Thomson Reuters
Editorial Editions:
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
United States
Reuters
Contact Us
Advertise With Us
Help
Journalism Handbook
Archive
Site Index
Video Index
Reader Feedback
Mobile
Newsletters
RSS
Podcasts
Widgets
Your View
Analyst Research
Thomson Reuters
Copyright
Disclaimer
Privacy
Professional Products
Professional Products Support
Financial Products
About Thomson Reuters
Careers
Online Products
Acquisitions Monthly
Buyouts
Venture Capital Journal
International Financing Review
Project Finance International
PEhub.com
PE Week
FindLaw
Super Lawyers Attorney Rating Service
Reuters on Facebook
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Other News on Tuesday, 17 May 2011 Sleepy Irish village braces for Obama homecoming
|
Tepco to start compensating Fukushima evacuees by fall
|
Nigeria post-election violence killed 800: rights group
|
Recovering Nelson Mandela votes in South Africa election
|
AOL expands local news network in U.S.
|
Winklevoss twins lose bid to reopen Facebook case
|
Libya says telecoms staff to act shield against NATO
|
Google debuts in high-grade bond market with $3 billion deal
|
Lady Gaga to perform on Letterman in album media blitz
|
LA rapper M-Bone killed in drive-by shooting
|
Bomb found near Dublin ahead of UK Queen's visit
|
NATO incursion into Pakistan wounds two troops: officials
|
War crimes prosecutor targets Gaddafi and allies
|
U.S. deepens engagement with Afghan Taliban to end war: report
|
Pakistan plays China card with Prime Minister's visit
|
Japan keeps Fukushima shutdown target despite setbacks
|
China plays down U.N. report on North Korea, Iran proliferation
|
Syrians find 13 bodies in Deraa mass grave: residents
|
AOL says no thanks to private equity
|
HP to pull trigger early on results after CEO memo
|
Nvidia head sees competition for iPad
|
Vodafone surprises with bullish outlook
|
Winklevoss twins lose bid to reopen Facebook case
|
U.S. lays out priorities for future of cyberspace
|
Survivor finale wins big for U.S. network CBS
|
Angelina Jolie Bosnia movie gets Dec. release
|
Hunting for the next Steig Larsson in Cannes
|
Netflix, Miramax strike multi-year streaming deal
|
'Survivor' contestant Russell Hantz lands series
|
French Left in crisis talks over Strauss-Kahn case
|
Witness: Expelled from Bahrain, a nation now in fear
|
Militant leader says all Russia is a battleground
|
Wife of Mubarak released but still faces probe
|
Sony defends response time to hacker breach
|
LinkedIn IPO price range boosted by 30 percent
|
Private equity in talks for Nokia Siemens: sources
|
Olympus says expects to give earnings outlook by end: June
|
Arnold Schwarzenegger fathered child outside marriage
|
Finnish fairytale wins fans, Cannes films warm up
|
Warm welcome at Cannes for Gibson's The Beaver
|
Angelina Jolie Bosnia movie gets December release
|
Hippie, control freak, editor, star: Gaga in action
|
Lady Gaga to perform on Letterman in album media blitz
|
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights