Facebook Defeat Winklevoss Twins Yet Again In Legal Battle

Facebook has flexed its legal muscles again to knock away another petty legal challenge from the Winklevoss twins. You may be aware of this long running saga from 2010’s movie, The Social Network. The brothers and their business partner claim that Mark Zuckerberg stole their idea when creating billion dollar company Facebook. The 3 men previously settled for a figure in the region of $65 million but have been sickened by its value today, and are continuing to pursue the social networking site for more money.

We previously reported that the Winklevoss twins had ended their quest to extort Facebook; however it seemed too good to be true and they came back with another lawsuit aimed at the social outfit. A US district judge has now turned down another major lawsuit filed by Tyler and Cameron Winklevoss as well as their friend and business partner Divya Narendra. Judge Douglas Woodlock threw the case out last Friday, but the 3 men will appeal in their relentless task.

Mashable reports that the Winklevoss twins and Narendra have now asked Woodlock for permission to investigate whether Facebook had withheld evidence during their settlement talks. A judge in a previous case between the parties said that he would have obliged in granting the men their claim, had they not already settled with Facebook. The site is valued now in excess of $50 billion, with the brothers still convinced they are due a large chunk of this.

Facebook maintain that they have already settled lawfully with the Winklevoss twins back in 2008, and they are right. However the Winklevii are arguing that when they settled they were misled about the true value of the company and its stock. The brothers and their business partner received 1.2 million shares from Facebook which they believed were worth $36 each. It turns out that the shares were in fact worth $8.80 each.

After a trail in May that the Winklevoss twins failed in again, they decided to take their case to the supreme court. Like all of the previous cases, it was ruled that the agreement would stand and the claimants would not be granted any extra monies from Facebook. Just to add insult to injury, the ex Harvard president Larry Summers has called the brothers “a**holes”. He was referring to their appearance of wearing a tie and jacket at 3pm on a Thursday afternoon despite being undergrads and not attending a job interview.

The twins have criticized the ex president’s professionalism by sending a letter to the current Harvard president. It states that Summers did not even shake hands with them and also judged them on their appearance. Now that the brothers and Narendra have been rejected again it is not clear where they will proceed from here. Do you think they will come back yet again? Leave us your thoughts on this repetitive long running battle in the comments below.

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