Facebook Wins Court Enforcement of Winklevoss Settlement

Tuesday Apr 12th 2011 by Datamation.com Staff
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The U.S. Court of Appeals says the twins cannot back out of their settlement that is now worth $200 million.

Bloomberg: Facebook and CEO Mark Zuckerberg scored a win in court when the U.S. Court of Appeals upheld a settlement with Cameron and Tyler Winklevoss. The twin brothers had sued claiming that Zuckerberg stole their idea for Facebook, but agreed to a settlement originally worth $65 million that has grown to $200 million. The brothers were attempting to back out of the settlement because they say they were deceived about the value of the social network.

This win isn't the end of legal trouble for Facebook though. On the same day that this decision was announced, Paul Ceglia filed a revised claim which cites e-mail proof that he is entitled to half of Facebook.

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