Good:
A federal appeals court ruled Monday that former Harvard University schoolmates of Facebook founder Mark Zuckerberg can’t undo their settlement over creation of the social networking site.
The 9th U.S. Circuit Court of Appeals said Monday that Tyler and Cameron Winklevoss were savvy enough to understand what they were agreeing to when they signed the agreement in 2008. The deal called for a $20 million cash payment and a partial ownership of Facebook. A third classmate, Divya Narendra, was part of the settlement with the twins but did not pursue the second lawsuit seeking to undo the agreement.
Monday’s ruling upholds a lower court decision enforcing the settlement during the six years of litigation that grew so contentious that the dispute was dramatized in the Oscar-nominated film, “The Social Network.”
The settlement is now worth more than $160 million because of Facebook’s increased valuation.
As much as I have a love-hate relation with Facebook, this is good news. It’s nothing but manipulative greed and bitterness to go after more money here.
Filed under: News | Tagged: Facebook, Lawsuit, Tyler and Cameron Winklevoss |
For the Sake of Science 
Twins are creepy.
Those poor twins. They only get $160 million out of the settlement. They are so impoverished. I will pray for them and shed tears.
They probably deserved more, but that’s not the point.
The point is they claim they were taken in by the agreement. They negotiated with a crew of lawyers on their behalf. If they were duped then they should sue their team of lawyers for not properly representing them, not Zuckerberg.
Exactly right. Maybe Zuckerburg is a crook, but they shouldn’t have signed off. Ooops!
And research conducted on Google over the last 10 minutes confirms that twins are creepy.