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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Facebook dismisses ownership suit as 'frivolous' AFP - Tuesday, July 13 Send IM Story Print Facebook dismisses ownership suit as 'frivolous' Slideshow: Full Photo Coverage: Internet Portals & Search Engines WASHINGTON (AFP) - – Facebook rejected as "frivolous" a lawsuit filed by a New York man who claims he owns an 84 percent stake in the social network. Facebook also said a temporary restraining order restricting the transfer of its assets issued by a Supreme Court judge in New York's Allegany County would have no impact on its business. In the suit filed in the Allegany County Supreme Court on June 30, Paul Ceglia, of Wellsville, New York, claimed he signed a contract with Facebook founder Mark Zuckerberg in April 2003 to design a website called "The Face Book," or "The Page Book," by January 1, 2004. According to the lawsuit, Ceglia acquired 50 percent of the business and an additional one percent interest per day until it was complete. The project, for which Zuckerberg was paid 1,000 dollars and received a 50 percent stake, was completed 34 days late, giving Ceglia an additional 34 percent stake in the business, the lawsuit said. A Facebook spokesman said in a statement that the suit "is completely frivolous and we will fight it vigorously." Facebook also confirmed that legal papers served on Zuckerberg at a media retreat last week in Sun Valley, Idaho, were related to the case. According to a book about Facebook's origins published recently, "The Facebook Effect" by David Kirkpatrick, Zuckerberg did not begin to work on predecessors to Facebook until September 2003 and the domain "thefacebook.com" was registered in January 2004. Facebook has become the world's most popular social network with more than 400 million members. New York state Attorney General Andrew Cuomo accused Ceglia, the plaintiff, last year of taking more than 200,000 dollars from customers of his wood fuel pellet company and then failing to deliver any products or refunds. "This company and its owners repeatedly lied to consumers and continued to solicit new orders despite an inability to deliver wood pellets that were bought and paid for months before the winter heating season began," Cuomo said. Recommend Send IM Story Print Related Articles Facebook dismisses ownership suit as 'frivolous' AFP - Tuesday, July 13 US-TECH Summary Reuters - Tuesday, July 13 Facebook fights New Yorker's claim of 84 percent stake Reuters - Tuesday, July 13 Google tool aims to make it easy to create Android programs AFP - Tuesday, July 13 Consumer Reports will not recommend Apple iPhone 4 Reuters - Tuesday, July 13 News Search Top Stories France launches bill to raise retirement age New cap raises hopes of end to Gulf oil disaster N.Korea postpones talks with UN Command on warship Mel Gibson rants posted online BP places new cap over leaking oil well More Top Stories » Related Full Coverage Internet Portals & Search EnginesLatest development in the online world All Full Coverage » Most Popular Most Viewed Most Recommended Bahamas police capture 'Barefoot Bandit' Mel Gibson rants posted online Fiesta in Spain, agony in Netherlands after World Cup final Football: Casillas true hero as Iniesta steals headlines Spain win seals perfect eight for 'psychic' octopus More Most Viewed » Reclusive top mathematician turns down prize, again Germany's 'Octopus oracle' keeps perfect record Amputee cat gets bionic legs Fans gather for Michael Jackson death anniversary Who's right - the dolphin or the octopus? More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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