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
- Malaysian leader: plane's disappearance deliberate
- Breezy And Mild!
- Get the 6abc StormTracker app
- WATCH: Action News Online
- 2 couples robbed at gunpoint in North Philly
- Fire forces 11 people from their homes 53 min ago
- Renovation competitors fight at Phila. fire scenes
- Moving day for Oak Lane Garden residents
- SEPTA union agrees to delay strike
- 1 critical after being shot multiple times in Wilmington
- 100 plus weight loss journey to healthy living
- Boyd Theatre to be demolished, rebuilt
- Runway reopens after failed takeoff at PHL
- Photos: Suspects wanted by Philadelphia Police
More business resources
Most Viewed StoriesMost Viewed Photos