June 23, 2011 8:10 a.m. EDT
Tyler and Cameron Winklevoss, the former business partners and Harvard
University classmates of Mark Zuckerberg, have dropped their court appeal of a
settlement with the Facebook founder.
The Winklevosses had claimed they were shortchanged in a $65 million
settlement with Zuckerberg because Facebook had misrepresented the value of
company stock. In April, a federal appeals judge rejected the argument and ruled
the twins could not unwind the legally binding agreement they had signed in
The brothers and a third partner, Divya Narendra, had wanted to reverse that
ruling and were willing to take the case to the U.S. Supreme Court. But in
documents filed Wednesday with the U.S. 9th Circuit Court of Appeals in San
Francisco, they said they will not pursue the matter any longer.
“We’ve considered this case closed for a long time, and we’re pleased to see
the other party now agrees,” Facebook spokesman Andrew Noyes said in a
Facebook’s long-running battle with the Winklevoss brothers was a key plot
point in “The Social Network,” a 2010 fictionalized movie dramatization of the
Winklevoss: Story not ‘fully
Where did idea of Facebook
In late 2003, the Winklevosses and Narendra asked Zuckerberg to help them
write the coding for a social networking site they were developing for Harvard
and other campuses. Zuckerberg entered into an oral agreement and was made a
In February 2004, however, Zuckerberg launched thefacebook.com, which he
later renamed Facebook. The Winklevosses and Narendra filed suit later that year
against Facebook and Zuckerberg. The trio alleged that Zuckerberg had stolen the
idea for Facebook from them.
Facebook promptly countersued the trio and their own social networking site,
ConnectU, alleging they had hacked into Facebook to steal data and spam users.
A California court ordered the parties to mediate the dispute, and according
to court records, they signed an agreement in which the Winklevosses would give
up ConnectU for cash and a share in Facebook stock.
The Winklevosses and Narendra later tried to pull out of the deal, alleging
that Facebook had undervalued its stock, thus rendering the agreement as having
been procured fraudulently.
A judge ruled against them and forced the settlement to go through, but the
Winklevosses and Narendra appealed
In April, U.S. 9th Circuit Court of Appeals Chief Judge Alex Kozinski, ruled
“At some point, litigation must come to an end,” Kozinski
concluded. “That point has now been reached.”
Tyler and Cameron Winklevoss were born on August 21st, 1981 according to http://en.wikipedia.org/wiki/Tyler_Winklevoss
August 21st, 1981
8 + 21 +2+0+1+0 = 32 = their personal year (from August 21st, 2010 to August 20th, 2011) = Fighting to win.
32 year + 6 (June) = 38 = their personal month (from June 21st, 2011 to July 20th, 2011) = Not caring.
38 month + 22 (22nd of the month on Wednesday June 22nd, 2011) = 60 = their personal day = Moving forward.