You are currently viewing the printable version of this article, to return to the normal page, please click here.
The Washington Times

Twins drop Facebook lawsuit detailed in hit movie

SAN FRANCISCO (AP) - The Harvard University classmates of Facebook founder Mark Zuckerberg are ending the legal battle made famous by the Hollywood movie "The Social Network."

In a one-paragraph court filing Wednesday, Cameron and Tyler Winklevoss said they would accept a settlement that was worth $65 million when agreed upon in 2008.

The twins had sought to undo the settlement of $20 million cash and $45 million in stock.

The 9th U.S. Circuit Court of Appeals ruled against the twins, saying they had been represented by a squadron of Silicon Valley lawyers and their father, a noted business professor.

The twins said Wednesday they would forgo a trip to the U.S. Supreme Court.

Their stock is now worth more than $100 million.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments
blog comments powered by Disqus

      Independent voices from the TWT Communities

      Derek Crockett: From My Perspective

      One man’s perspective. Exploration and commentary designed to challenge the conventional thinking of day on the political issues affecting our nation.

      Sightseers' Delight

      Consummate traveler Todd DeFeo explores the unique stories that make destinations worth going to.

      Travel the World

      It's a big world to play in, and learn from. Join us as we travel the boundaries and beyond.