Facebook-UConnect Settlement Valued At $65 Million
source: http://www.informationweek.com/news/internet/social_network/showArticle.jhtml?articleID=2134...
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- Jonathonish
- added this
There's more news this week about the money that is spun in Harvard dormitories by students with computer skills: The law firm representing the former Harvard students who sued Facebook CEO Mark Zuckerberg reportedly received $65 million to settle the litigation.
The law firm representing Facebook's challengers, Harvard students like Zuckerberg, reported in a newsletter that $65 million was paid out by Facebook, according to The Recorder, a legal publication.
The litigation was settled last summer with UConnect standing to receive an award of cash and Facebook stock, but the actual value of the deal was supposed to be confidential. Zuckerberg was challenged by the Winklevoss twins, Cameron and Tyler, and their partner Divya Narendra, who claimed they had enlisted Zuckerberg to work on their UConnect Harvard dating service. Zuckerberg and Facebook denied any wrongdoing and filed unfair business practices litigation against UConnect.
The law firm representing Facebook's challengers, Harvard students like Zuckerberg, reported in a newsletter that $65 million was paid out by Facebook, according to The Recorder, a legal publication.
The litigation was settled last summer with UConnect standing to receive an award of cash and Facebook stock, but the actual value of the deal was supposed to be confidential. Zuckerberg was challenged by the Winklevoss twins, Cameron and Tyler, and their partner Divya Narendra, who claimed they had enlisted Zuckerberg to work on their UConnect Harvard dating service. Zuckerberg and Facebook denied any wrongdoing and filed unfair business practices litigation against UConnect.
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benzodiazepine
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Damn!
There are too much money circling around them.And they are what ... not even 25 years?
- 2 years ago
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benzodiazepine
