Winklevoss twins end appeal of Facebook settlement

Cameron (L) and Tyler (R) Winklevoss, founders of social networking website ConnectU, leave the U.S. Court of Appeals for the Ninth Circuit in San Francisco to attend a court hearing in a lawsuit against Facebook Inc. and its founder Mark Zuckerberg on January 11, 2011 in San Francisco.

Olympic rowing twins Cameron and Tyler Winklevoss have decided not to appeal to the Supreme Court a ruling upholding their $65 million settlement with Facebook Inc. and its founder Mark Zuckerberg, signaling the possible end of the long-running dispute.

The 2008 accord was intended to resolve a feud over whether Zuckerberg stole the idea for what became the world’s most popular social networking website from the Winklevosses, who like him had attended Harvard University. Their battle was dramatized in the 2010 film “The Social Network.”

After agreeing to the cash-and-stock accord, the Winklevosses sought to undo it, saying it was fraudulent because Facebook hid information from them, and that they deserved more money.

The 6-foot 5-inch (1.96-meter) twins, who competed in the 2008 Beijing Olympics, had been planning to appeal an April 11 ruling by a federal appeals court in San Francisco upholding the settlement, which that court called “quite favorable.”

But in a filing on Wednesday with that court, the Winklevosses said that after “careful consideration,” they decided not to seek Supreme Court review. The filing did not give a reason for the decision… Read More [via vancouversun]


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