Winklevoss Twins v. Facebook: Case Closed

Winklevoss Twins v. Facebook: Case Closed: Winklevoss twins have to deal with a $ 160 million from their dispute with the order, the appellate court said. Gemini is an epic argument with Mark Zuckerberg of the property that - in the Oscar-winning theatrical film "Social Networking" - must finally come to an end, the judge said.

Addition, it was decided in 2008 to settle a dispute that came up with an idea for a social network, giving Cameron and Tyler Winklevoss $ 20 million in cash and part ownership of Facebook. As of now estimated at about $ 50 billion, the settlement is now valued at more than $ 160 million.
"Winklevosses not the first party took over a competitor, who then try to get a court order that they were unable to reach the market," wrote Chief Judge Alex Kozinski in the decision. "And the courts can not Winklevosses was obliged to settle their disputes and signed release of all claims against it."

If you missed the "Social Networking", the original case against the fact (and Zuckerberg) was delivered in 2004 Winklevosses, along with his partner Divya Narendra. Twins and Narendra were the founders of ConnectU (originally called the Harvard Connection), as well as the social networking site.

In 2003, the ConnectU hired Zuckerberg to write code for their site, and a few weeks later, Zuckerberg launched thefacebook.com. Twins claimed Zuckerberg copied their ideas and use the source code of your site.

But after a $ 65 million settlement in 2008, Winklevoss twins were not satisfied with their payment of Zuckerberg, so in December 2010, the twins have filed a new lawsuit to obtain additional compensation - leading to the ruling of the judge.