Winklevoss Twins Taking Facebook Case to Supreme Court
Cameron and Tyler Winklevoss want their $65 million settlement with the social networking site invalidated because, they say, they were misled about its actual value.
The Winklevoss twins are taking their legal battle against Facebook to the Supreme Court, TMZ reported.
Cameron and Tyler Winklevoss want the court to invalidate the $65 million settlement they made in a dispute over the social networking site's creation.
The twins had claimed in a lawsuit that Facebook CEO Mark Zuckerberg stole their idea for the site. In a 2008 settlement, depicted in the Oscar-nominated Social Network, the two got $20 million in cash as well as Facebook stock in exchange for dropping their suit.
But they argue that they were misled about the value of the settlement, which was less than half of what they thought it was going to be worth.
On Monday, the 9th Circuit Court of Appeals denied their request, leading to their decision to take the case to the Supreme Court.
"The court's decision shut the courthouse door to a solid claim that Facebook obtained this settlement by committing securities fraud," the twins told TMZ. "Our petition to the Supreme Court will ask the high court to decide whether that door should be reopened."
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