Appeals court won't reconsider Winklevoss decision
Two twins who were Harvard University classmates of Facebook chief executive Mark Zuckerberg lost another round Monday in their fight to claim that Zuckerberg stole their idea for a social networking website.
The 9th U.S. Circuit Court of Appeals in San Francisco refused to reconsider a ruling last month that rejected an appeal by Cameron and Tyler Winklevoss and a third classmate, Divya Narendra.
The Winklevosses and Narendra are seeking to challenge a $65 million settlement they reached with Palo Alto-based Facebook in federal court in San Jose in 2008.
They claim that Facebook failed to disclose the true value of shares that were part of the settlement.
In last month's decision, a three-judge panel said the twins were "sophisticated litigants" represented by a team of six lawyers and a financial expert, and that they should have known what they were doing when they signed a broad release of all claims.
The financial expert was the twins' father, a former accounting professor.
In today's action, the federal appeals court declined the twins' request to have an expanded 11-judge panel review the case.
The final remaining step in the case is a possible appeal to the U.S. Supreme Curt. Lawyers for the Winklevosses and Narendra were not immediately available for comment Monday.
Facebook spokesman Andrew Noyes said, "We're pleased with the court's decision."
In last month's ruling, Circuit Judge Alex Kozinski commented that the Winklevosses and Narendra in fact "made a deal that appears quite favorable" because Facebook shares are now worth three times more than what the twins thought they were worth at the time of the settlement.
facebook, mark zuckerberg, lawsuit, business
- Child support helpline takes callers to sex hotline
- Driver arrested for DUI after fiery I-580 crash 11 min ago
- Federal mediator sitting down with BART, unions 8 min ago
- Police interview potential victims of Livermore golf pro
- Budget approved but no peace: Boehner raps right
- VIRAL VIDEO: Teen sings 'Blue Christmas'...
- Arrests made in "thrill kill" of 7-11 clerk in Milpitas
- Startup sells insurance based on how much you drive
- Tracking the flu -- there's an app for that!
- UN inspectors confirm Syria chemical attack
- Bay Area New Year's Eve fireworks and events 57 min ago
- Winter Spare the Air called through Thursday
- roundup: High-speed chase; Vallejo homicides
- weather: Bay Area weather forecast for Friday
- Federal mediator sitting down with BART,...
8 min ago