Monday, May 16, 2011

Winklevoss twins take Facebook to the Supreme Court

It's their last stand -- TMZ reports, the Winklevoss twins have decided to take their beef with Facebook to the Supreme Court ... to undo a $65 million settlement with the company

It's their final shot at redemption after losing several rounds in court -- including the 9th Circuit Court of Appeals -- Cameron and Tyler Winklevoss now want the Supreme Court to invalidate the settlement agreement they made with Facebook back in 2008 ... reportedly valued at $65 million.

The twins insist they were defrauded by Mark Zuckerberg during negotiations for the settlement -- which was paid in Facebook stock -- claiming the actual value of the settlement was less than half what they were led to believe.

The twins just released a statement, claiming their attorney intends to file a petition with the Supreme Court after they were shut down by the 9th Circuit today.

According to the statement, "The Court’s decision shut the courthouse door to a solid claim that Facebook obtained this settlement by committing securities fraud. Our Petition to the Supreme Court will ask the high court to decide whether that door should be reopened."

No comments:

Post a Comment