Twins drop Facebook lawsuit detailed in hit movie
SAN FRANCISCO - June 23, 2011 (WPVI) -- The Harvard University classmates of Facebook founder Mark Zuckerberg are ending the legal battle made famous by the Hollywood movie "The Social Network."
In a one-paragraph court filing Wednesday, Cameron and Tyler Winklevoss said they would accept a settlement that was worth $65 million when agreed upon in 2008.
The twins had sought to undo the settlement of $20 million cash and $45 million in stock.
The 9th U.S. Circuit Court of Appeals ruled against the twins, saying they had been represented by a squadron of Silicon Valley lawyers and their father, a noted business professor.
The twins said Wednesday they would forgo a trip to the U.S. Supreme Court.
Their stock is now worth more than $100 million.
san francisco, facebook, mark zuckerberg, business/finance
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