Monday, April 11, 2011

The Winklevoss' back in the news

Until the movie The Social Network came out, to most, the Winklevoss twins would not be known. The two out of three college friends that sued Mark Zuckerberg for $65 million for stealing their intellectual property rights, cannot back out of their deal ruled the Judge. The twins claim that the Facebook board overestimated the value of the company to pay them less in settlement stock.

The court has ruled in Facebook's favor, but the Winklevoss' lawyer says they will seek a rehearing with the entire appeals court bench.

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