Facebook Seeks Finality in ‘Social Network’ ConnectU Court Fight
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Facebook Inc. will ask a court today to enforce a settlement which resolved claims that its founder Mark Zuckerberg stole the idea for the social-networking company from classmates at Harvard University.
A legal battle dramatized in the 2010 film “The Social Network” has reached a federal appeals court in San Francisco, where the classmates, twins Cameron and Tyler Winklevoss, seek to undo the agreement they reached in 2008. They claim the closely held company didn’t disclose an accurate valuation of its shares before agreeing to pay them $65 million in stock and cash. A lower court ruled that the accord was binding.