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Saturday, 23 July 2011 - Facebook wins dismissal of second Winklevoss case |
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    Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Seventeen dead in Norway bomb and gun attack | 5:00pm EDT New Mexico sheriff faces possible jail term over eBay sales 21 Jul 2011 Customers angry, staff defiant at China's fake Apple Store 11:07am EDT Explosion rocks central Oslo, Norway PM's office 9:47am EDT WRAPUP 4-Obama vows 'hard choices' on debt as Democrats fume 2:52pm EDT Discussed 199 Senate group offers $3.75 trillion deficit cuts 142 New plan offers hope for progress in debt talks 78 Debt showdown moving into crunch time Watched Korea's newest singing sensation Thu, Jul 21 2011 Blast rocks government buildings in Oslo, Norway Sat, Jul 23 2011 Pakistan Taliban releases video of mass execution Mon, Jul 18 2011 Facebook wins dismissal of second Winklevoss case Tweet Share this Email Print Related News CORRECTED - Closing sales begin at all Borders stores 2:51pm EDT Jailed American addresses Cuban top court in appeal 2:17pm EDT Court shoots down SEC shareholder election rule 2:15pm EDT UPDATE 2-US judge orders arraignment of Kuwait firm Agility 11:09am EDT Georgia executes man for killing parents and sister 10:25am EDT Analysis & Opinion The case against the bribery case against Murdoch Strauss-Kahn case may also vindicate U.S. justice Related Topics U.S. » Technology » 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 | Fri Jul 22, 2011 3:06pm EDT NEW YORK (Reuters) - Facebook Inc won a dismissal of a second lawsuit by the Olympic rowing twins Cameron and Tyler Winklevoss seeking to boost their $65 million settlement with the company and its founder, Mark Zuckerberg. U.S. District Judge Douglas Woodlock in Boston dismissed litigation over the accord, three months after a federal appeals court in San Francisco turned aside a related lawsuit. The 2008 settlement was intended to resolve claims that Zuckerberg stole the twins' idea for what became the world's most popular social networking website. Zuckerberg created Facebook in 2004 in his Harvard University dormitory room. His feud with the Winklevosses, who competed in the 2008 Beijing Olympics and also attended Harvard, was dramatized in the 2010 film "The Social Network." On June 22, the Winklevosses decided not to appeal the California decision to the Supreme Court. Instead, they and business partner Divya Narendra pursued the Boston lawsuit, raising a different argument, namely that Facebook had "intentionally or inadvertently suppressed evidence" during settlement talks, including communications at the time of its founding. But in his Friday ruling, Woodlock accepted Facebook's argument that the Winklevosses' substantive claims had already been rejected by the courts. Both lawsuits were brought by ConnectU Inc, a company that the Winklevosses and Narendra had set up. "We expected that the court would enter a judgment," said Michael Schrag, a lawyer for the twins, in an interview. "The next step is a post-judgment motion under Rule 60(b)," a federal rule letting courts grant relief from final judgments. Facebook spokesman Andrew Noyes declined to comment. The Palo Alto, California-based company said it has more than 500 million members, and analysts have said it could be worth $70 billion or more if it goes public, perhaps in 2012. In upholding the $65 million settlement, the San Francisco appeals court called the accord "quite favorable" for the twins. Chief Judge Alex Kozinski wrote that the time for the litigation to end "has now been reached." The case is ConnectU Inc et al v. Facebook Inc et al, U.S. District Court, District of Massachusetts, No. 07-10593. (Editing by Steve Orlofsky) U.S. Technology Media Facebook Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. 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. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ 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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