were many that probably thought the feud between Facebook founder Mark
Zuckerberg and Cameron and Tyler Winklevoss was over when the courts awarded
the pair $65 million. The twins didn’t think $65 million was enough money and
appealed the case.
It looks like the Winklevoss twins will take the matter as far as they can to
find a favorable settlement, even after the courts
upheld the $65 million settlement in April of 2011. The long running
legal battle between the twins and Zuckerberg stems from the allegation that
Zuckerberg store the idea for Facebook from them. The story was dramatized in
the movie "The Social Network".
The twins are challenging
the appeals court ruling that forced them to take the $65 million
settlement offer reached in 2008 and are taking the matter to the Supreme
Court. Zuckerberg's legal team argued in a filing with the appeals court,
"Facebook bargained for litigation peace. The time to end this litigation
has long since passed."
legal team believes the twins are having settlers' remorse.
The Winklevoss twins claim that the $65 million settlement was fraudulent because
Facebook hid information from them and they want more money. The new legal
proceedings do mean that Facebook and Zuckerberg can’t seek the dismissal of
another suit filed in a Boston court. Facebook is facing suit by Paul Ceglia
who claims he contracted with Facebook for a stake in the company.
The appeals court judge where the settlement of $65 million was affirmed was
Judge Alex Kozinski. Kozinski stated, "At some point, litigation must come
to an end. That point has now been reached." He also stated, "The
Winklevosses are not the first parties bested by a competitor who then seek to
gain through litigation what they were unable to achieve in the