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Sunday, June 26, 2011

FACEBOOK: Winklevoss twins give up Facebook claim!

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PTI / The Hindu / BOSTON, June 23, 2011.

The Winklevoss twins have decided not to appeal to the U.S. Supreme Court, a ruling upholding their $65 million settlement with Facebook Inc and its founder Mark Zuckerberg.
The Winklevoss twins have decided not to appeal to the U.S. Supreme Court, a ruling upholding their $65 million settlement with Facebook Inc and its founder Mark Zuckerberg -AP.

Facebook founder Mark Zuckerberg’s former Harvard classmates Cameron and Tyler Winklevoss have decided not to pursue their legal battle against the billionaire CEO over a dispute related to the idea of developing the popular social-networking site.
In a San Francisco federal court filing, the Winklevoss twins said they have decided not to seek a review of the ruling by the 9th Circuit Court of Appeals that had upheld the USD 65 million cash-and-stock settlement reached with Zuckerberg in 2008.
A fight that inspired a Oscar-winning movie ‘The Social Network’ saw its finale when in the one-paragraph court filing, Cameron and Tyler said they would accept the USD 65 million settlement and after “careful consideration” they would not file a petition to take their battle to the Supreme Court.

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