27 posts and columns on Winklevii
You can chillax, Mark Zuckerberg–it’s not “The Social Network 2: The Winklevii Stroke, Stroke, Strooooke Back.” In fact, it’s more like: “You’ve Got Social Network Mail.”
Following the Ninth Circuit Court of Appeals’ decision to deny Cameron and Tyler Winklevoss’s request to rehear their case versus Facebook and Mark Zuckerberg, the twins’ lawyer said they intended to file to be heard by the U.S. Supreme Court.
News BytePDF) a request by Cameron and Tyler Winklevoss to rehear their case against Mark Zuckerberg and Facebook. The Winklevii had petitioned for an “en banc” hearing, in which eleven judges hear the case rather than the usual three. The usual three had already unanimously rejected the Winklevoss’ claims that their settlement with Facebook be thrown out due to securities fraud. The only step left is the Supreme Court…or returning to a life as millionaires with chips on their shoulders. (Please see the disclosure about Facebook in my ethics statement.)
It seems Cameron and Tyler Winklevoss, the Don Quixote twins of the digital age, have tilted at yet another legal windmill unsuccessfully. So now, after losing another court challenge to overturn a previous court challenge, they’ll have to settle for $65 million. Actually, $100 million, which is how much shares in Facebook have appreciated since the pair and also Divya Narendra settled with the social networking giant.
Cameron and Tyler Winklevoss, who are waiting to see if an appeals court will invalidate their settlement with Facebook, flex their muscles and try to justify their use of the site.