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Tuesday, 17 May 2011 - Winklevoss twins lose bid to reopen Facebook case |
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    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 IMF chief denied bail in sex assault case | 4:44pm EDT Strauss-Kahn lawyers see alibi in sex case: report 11:25am EDT Strauss-Kahn hotel says unaware of prior assaults 2:28pm EDT Strauss-Kahn sex case throws open French election 12:16pm EDT US urges restraint after Israel border clashes 10:46am EDT Discussed 133 Son says bin Laden sea burial demeans family: report 95 Texas county official says ”stupid” feds sparked fire 75 Israel-Palestinian violence erupts on three borders Watched Fire ants form rafts to defy floods Tue, Apr 26 2011 Strauss-Kahn shockwave hits France Sun, May 15 2011 Boot camp for rebels in Libya Sun, May 15 2011 Winklevoss twins lose bid to reopen Facebook case Tweet Share this By Jonathan Stempel NEW YORK (Reuters) - Twin brothers who accused Facebook Inc and its founder Mark Zuckerberg of stealing their idea for the social networking website lost their bid to have a federal appeals court void a settlement of their... Email Print Related News Winklevoss twins lose bid to reopen Facebook case 3:34pm EDT U.S. court finds against Rambus, shares plunge Fri, May 13 2011 Ecuadoreans win round in drawn-out Chevron battle Thu, May 12 2011 Rating agencies win dismissal of lawsuits Wed, May 11 2011 Lesbian Air Force nurse to retire rather than rejoin 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 4:34pm EDT NEW YORK (Reuters) - Twin brothers who accused Facebook Inc and its founder Mark Zuckerberg of stealing their idea for the social networking website lost their bid to have a federal appeals court void a 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. Without providing a reason, the court rejected their request to have an 11-judge panel review the original ruling, which had been made by a three-judge panel. The Winklevosses could still appeal to the U.S. Supreme Court. Howard Falk, a lawyer for the Winklevosses, did not immediately return a call seeking comment. 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." By undoing the settlement, the Winklevosses could hope to benefit more from Facebook's rising market valuation, which private investors have in recent weeks said might top $70 billion. But in his April ruling, Chief Judge Alex Kozinski called them "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) 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.

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