SAN FRANCISCO: Mark Zuckerberg won a legal battle against former Harvard classmates who accuse him of stealing their idea for Facebook, a multimillion-dollar feud made famous on the silver screen.
Cameron and Tyler Winklevoss must accept a cash and stock settlement with Facebook that had been valued at $65 million, a U.S. appeals court ruled on Monday. The twins argued the deal was unfair because Facebook hid information from them during talks.
But the Winklevosses were sophisticated negotiators aided by a team of lawyers, 9th U.S. Circuit Court of Appeals Chief Judge Alex Kozinski wrote in a unanimous opinion.
“The Winklevosses are not the first parties bested by a competitor who then seek to gain through litigation what they were unable to achieve in the marketplace,” Kozinski wrote.
Full Story: Winklevoss twins must accept Facebook deal: US court – The Economic Times