Winklevoss twins lose appeal to re-open frivolous suit v. Facebook

posted by
April 11, 2011
Fox News    
Posted in News

"The 9th U.S. Circuit Court of Appeals said Monday that Tyler and Cameron Winklevoss -- the former Harvard University classmates of Facebook founder Mark Zuckerberg -- can't undo their settlement over the social networking site. The appeals court ruled that the twins were savvy enough to understand what they were agreeing to when they signed the agreement in 2008, a deal that called for a $20 million cash payment and a partial ownership of Facebook. ... The twins had alleged they were misled about Facebook's value when they agreed to settle their lawsuit that claimed Zuckerberg stole their idea to launch Facebook." (04/11/11)  

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