Winklevoss Twins Lost Again
Winklevoss twins have lost again in their attempts at recompense from Facebook Inc and founder Mark Zuckerberg.
The twins, Cameron and Tyler didn’t succeed in convincing the judge of the 9th U.S. Circuit Court of Appeals in San Francisco to reconsider the April 11th decision that upheld a $65 million cash and stock settlement both had reached with Facebook in their 2008 case.
The twins’ appeal was founded on what they said was an unfair advantage Facebook had as the company had withheld information from them in regard to the case.
Unusually, the court didn’t cite a reason for it’s decision to not allow the 11 judge panel the Winklevoss’ wanted to review the case that originally had been reviewed by a 3 judge panel. The next step is for them to appeal this decision to the U.S. Supreme Court that may well listen to the case.
They’re not the first to have a beef with Zuckerberg and Facebook as others have sought compensation with claims that Zuckerberg had engaged in business maneuvers that cut them from the Facebook pie.
One is of a man named Paul Ceglia who also claims he had a deal with Zuckerberg.
In the Winklevoss’ situation, they had well established they’d had dealings with Zuckerberg and that resulted in them getting that huge monetary and stock settlement which is why the courts stated they wouldn’t allow further compensation.
If the Supreme Court takes up the case it might set precedents.*Sponsored Links*