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Wednesday, 15 June 2011 - Winklevoss vs Facebook court clash lives on |
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    Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read OPEC sees risk of price rise, shortage 12:08pm EDT Google invests $280M in SolarCity solar roof fund 9:00am EDT Analysis: Obama 2012 -- it's all about jobs | 2:03pm EDT Analysis: Experts say Casey Anthony defense faces uphill battle 10:49am EDT Obama: If debt limit not raised, financial crisis possible | 11:09am EDT Discussed 127 Alabama governor signs nation’s toughest immigration law 111 Obama weighs new steps to boost jobs 80 U.S. debt default unimaginable, creditors say Watched Airbus' view of flying in the future Mon, Jun 13 2011 Obama resigns from church Mon, Jun 2 2008 Republican presidential hopefuls debate 4:37am EDT Winklevoss vs Facebook court clash lives on Tweet Share this Email Print Factbox Factbox: Lawsuits challenging healthcare reform Wed, Jun 8 2011 Related News Court mulls if gay judge can rule on gay marriage Mon, Jun 13 2011 Microsoft loses U.S. Supreme Court case on patent Thu, Jun 9 2011 Healthcare battle unfolds in Atlanta court Wed, Jun 8 2011 Halliburton securities fraud lawsuit reinstated Mon, Jun 6 2011 Analysis & Opinion Fabrice Tourre dodged one bullet, at least What happens when the meeting’s over? Related Topics Technology » Media » Facebook » Regulatory News » Facebook founder and CEO Mark Zuckerberg attends the eG8 forum in Paris, May 25, 2011. Credit: Reuters/Gonzalo Fuentes By Jonathan Stempel NEW YORK | Tue Jun 14, 2011 4:46pm EDT NEW YORK (Reuters) - It may take the Supreme Court to end a years-long battle between a pair of Olympic rowing twins and Facebook Inc founder Mark Zuckerberg. Zuckerberg has lost a court ruling that he hoped would lead to the end of litigation by Cameron and Tyler Winklevoss, who accused him of stealing their idea for the world's most popular social networking website. Their feud was dramatized in the 2010 film "The Social Network." The identical twin brothers are challenging a San Francisco federal appeals court ruling that upheld a $65 million cash-and-stock settlement they reached with Facebook in 2008. While they appeal to the Supreme Court, related litigation will be on hold, the appeals court ruled late on Monday. That means Facebook and Zuckerberg cannot seek the dismissal of a separate lawsuit in Boston federal court. Zuckerberg created Facebook in 2004 in his Harvard University dormitory room in nearby Cambridge, Massachusetts. "Facebook bargained for litigation peace," Zuckerberg's lawyers had argued in a filing with the 9th U.S. Circuit Court of Appeals, which issued Monday's ruling. "The time to end this litigation has long since passed." Jerome Falk, a lawyer for the Winklevosses, did not immediately return a call seeking a comment. Cameron and Tyler Winklevoss view the $65 million accord as fraudulent because Facebook hid information from them and believe they deserve more money. The 9th Circuit disagreed, saying in an April 11 ruling that the accord was "quite favorable" for the twins, who competed in the 2008 Beijing Olympics in rowing. Facebook might go public in early 2012 in an offering that could value the Palo Alto, California-based company at more than $100 billion, CNBC television said on Monday. An upstate New York wood pellet salesman, Paul Ceglia, is separately suing Facebook and Zuckerberg, saying he contracted for a big stake in the company. 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 in New York; editing by Andre Grenon) Technology Media Facebook Regulatory News 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.

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