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Winklevoss Facebook hearings end

Winkles to pop back into their shell
Tue Jun 14 2011, 14:57

THE ROWING SOCIAL NETWORK FALLOUT BOYS, the Winklevoss twins have had their lawsuit against Facebook put on ice until they can get the US Supreme Court around to their way of thinking.

A report at Bloomberg claims that a US appeals court has put all litigation on hold, meaning that the twins will have to stop asking for more of a cut of the Facebook cake.

"The U.S. Court of Appeals in San Francisco yesterday agreed to halt litigation related to the Winklevosses' lawsuit until they file a request with the U.S. Supreme Court seeking to reverse the dismissal of their claims," Bloomberg reported.

The twins have argued that they deserve more of a tribute from Facebook than the $65m cash and stock settlement they have already received, and they have suggested that it was based on a less than truthful company valuation, causing not much sympathy anywhere.

The boys who seemingly won't take no for an answer re-raised the spectre of litigation in late April of this year, having already seen one call for more cash rejected.

Facebook, which also has Paul Ceglia fighting for a chunk of its net worth, said it would like to see the end of the case.

"[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 court filing seen by Bloomberg. µ

 

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