winklevoss twins won\t take facebook to supreme court
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Winklevoss twins won't take Facebook to Supreme Court

Arab Today, arab today

Arab Today, arab today Winklevoss twins won't take Facebook to Supreme Court

San Francisco - AFP

Tyler and Cameron Winklevoss have opted not to go to the US Supreme Court with their bid to get out of a deal they made in a lawsuit charging that Mark Zuckerberg stole their idea for Facebook. Lawyers filed legal paperwork on Wednesday saying that the twin brothers will not ask the top court in the nation to overturn a decision the US 9th Circuit Court of Appeals made siding with Facebook. A spokesman for the attorneys declined comment on the decision to abandon the suit and said the Winklevoss brothers had no statement. The US 9th Circuit Court of Appeals in May rejected a bid by the identical twin brothers to have a full panel of 11 judges second guess a ruling made a month earlier by a three-justice panel. The three-judge panel said that litigation in the case "must come to an end" and threw out the bid by the Winkevosses to review the settlement. The twins had argued that Facebook held back information about the estimated value of the California-based social networking firm while reaching a $65 million dollar settlement with the brothers. The twins inked a settlement two years ago that got them $20 million in cash and $45 million worth of stock valued at $36 per share. The value of that yet-to-be-issued stock has skyrocketed along with Facebook's estimated market value. The brothers challenged the settlement, which was supposed to be confidential, on the grounds that Zuckerberg suckered them during settlement talks by not revealing Facebook internally valued the stock at $9. The lower figure would have resulted in the Winklevoss twins getting many more shares.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

winklevoss twins won\t take facebook to supreme court winklevoss twins won\t take facebook to supreme court

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

winklevoss twins won\t take facebook to supreme court winklevoss twins won\t take facebook to supreme court

 



GMT 23:04 2017 Monday ,04 December

Saudi Arabia recalls ambassador to Germany

GMT 02:47 2014 Monday ,17 November

Qatar Library to take part in Conference

GMT 18:17 2018 Friday ,07 September

US Defence Secretary arrives in Kabul

GMT 03:28 2018 Sunday ,21 January

Emirates throws Airbus A380 a lifeline

GMT 15:20 2017 Wednesday ,20 December

Oman Arab Bank launches advanced automation system

GMT 04:56 2017 Thursday ,22 June

ASEAN journalists conclude silk road media journey

GMT 08:08 2015 Thursday ,05 November

UAE media has matured, delivered remarkable successes

GMT 22:37 2016 Thursday ,17 November

Japan aims to increase food exports to GCC

GMT 08:40 2013 Saturday ,02 February

Saladin

GMT 00:12 2016 Sunday ,01 May

December 21 - January 18

GMT 05:35 2017 Wednesday ,25 October

Rio policeman who killed Spanish tourist charged
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday