Lawsuit: Winklevoss Twins want Facebook settlement to be voided

The Winklevoss twins, former Harvard classmates of Mark Zuckerberg claim the settlement reached with Facebook in 2008 was procured through fraud and now seeks to void it. Zuckerberg’s Facebook...

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The Winklevoss twins, former Harvard classmates of Mark Zuckerberg claim the settlement reached with Facebook in 2008 was procured through fraud and now seeks to void it. Zuckerberg’s Facebook is accused for not disclosing an accurate valuation of its shares before the agreement of $65 million and company stock as award for the twins.zuckerberg_2432876b

It seems that Facebook will have to wait before it can put an end to the lawsuits filed by Cameron and Tyler Winklevoss as the U.S. Court of Appeals in San Francisco has agreed to put on hold all litigation between the two parties until the twins file a request with the U.S. Supreme Court seeking to reverse the dismissal of their claims.

The Supreme Court petition “should not stand in the way of resolving the last meritless motion that will end this case once and for all,” – Facebook said in a filing.

In documents filed with the appeals court, Facebook said an appeal to the Supreme Court has no merit and the accuse of the company failed to produce legally required documents should be resolved.

Earlier in 2008, the Winklevoss twins accused Mark Zuckerberg for stealing the idea of social networking site, now known as Facebook.

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