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."
- John Oliver on the Luxurious 'Freedom' of HBO, His Complicated Relationship With NYC
- The Hollywood Reporter's 35 Most Powerful People in New York Media 2014
- Cannes Preview: The Hot Movies in the Running to Hit the Croisette
- CBS' $67 Million Man: Does Leslie Moonves' Moolah Make Sense?
- Glenn Beck Moves Into Movie Production (Exclusive)
- MOST SHARED
- MOST POPULAR
- 'Third Person' Trailer Shows Mila Kunis, Olivia Wilde, Liam Neeson Feeling Everything
- AMC's Hit Reality Show 'Small Town Security' Is Back For Season 3
- Bride Gives Groom 'Ghostbusters' Cake, Proves That She's A Keeper
- Ted Neeley, Original 'Jesus Christ Superstar,' Hopes Pope Francis Will Come To The Musical
- This Week’s Best Game of Thrones Reader Comments: ‘The Lion and the Rose’
- Douglas Coupland on Being a Visual Artist, the ‘Torture’ of Interviews, and Unintended Side Effects
- Alan Thicke on His New Reality Sitcom and Being ‘Considerably More Boring Than Jason Seaver’
- 6 Forgotten Teen Films of the Late ’90s and Early ’00s