It looks as if the Winklevoss twins aren’t going to go away quietly yet. Or anytime soon, for that matter.
According aBloomberg report, Cameron and Tyler Winklevoss are seeking a review of anApril 11 court rulingthey lost enforcing a $65 million settlement with Facebook Inc. over their claims that company founder Mark Zuckerberg stole the idea for the social networking site.
The twins’ attorney, Jerome Falk, said in a court filing on Monday that the three-judge appeals court panel in San Francisco made an error when it rejected the Winklevoss brothers’ claims that the 2008 settlement should be voided because it was procured with fraud. Now they want their claim heard again — this time before alargerpanel of the U.S. Court of Appeals in San Francisco.
The former Harvard University classmates of Zuckerberg’s continue to allege that Facebook didn’t disclose an accurate valuation of its shares before they agreed to the cash and stock settlement. The appeals court ruled that the accord barred any future lawsuits and was “quite favorable” to the twins. That accord is now worth $100 million more than its original amount. The Winklevosses alleged they should have received four times as many shares as the settlement provided.
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Andrew Noyes, a Facebook spokesman, said the company would comment in a statement today.
Story byMike Vardy
Mike Vardy is a husband, father, independent writer, speaker, podcaster and “productivityist”. He is also the author of the book, The Front(show all)Mike Vardy is a husband, father, independent writer, speaker, podcaster and “productivityist”. He is also the author of the book,The Front Nine: How To Start The Year You Want Anytime You Want, published by Diversion Books. You can learn more about his other work at his website,MikeVardy.com, visit his blog atProductivityist.com, and you can follow him as@mikevardyon Twitter.
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