A federal appeals court has brought the long-winded legal battle between Facebook and Cameron and Tyler Winklevoss to an end, ruling that the brothers are not entitled to a larger share of Facebook. Oh, and that they should just let it go.
The original lawsuit, which was made popular by The Social Network, alleged that Mark Zuckerberg broke a contract with the Winklevoss Twins to build a social network for Harvard Students called ConnectU, and that he then went ahead and used to the code to start Facebook. The two parties settled in 2008 with ConnectU, the company started by the Winklevoss Twins and their partner Divya Narendra, getting a share of Facebook valued at $65 million.
However, in May 2010 ConnectU went back to court and accused Facebook of security fraud, stating that, according to an internal valuation of the company, Facebook shortchanged them with their settlement that is now with over $100 million.
Yep, you read that right. The Winklevoss Twins got $100 million for doing absolutely nothing and they're still crying for more. God bless America.
[via Gawker]
