Winklevoss twins abandon Facebook suit

Winklevoss twins in filing say they won't take their case to the Supreme Court. The Winklevoss twins had contested the size of their settlement with Facebook in an appeals court, but lost.

By

  • close
    Cameron (left) and Tyler Winklevoss pose at the Head of the Charles Regatta in Boston in this file photo Oct. 23, 2010. In a June 22, 2011, court filing, the Winklevoss twins said that they would not challenge their $65 million Facebook settlement in the Supreme Court.
    View Caption

SAN FRANCISCO – 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 Winklevoss twins had sought to undo the settlement of $20 million cash and $45 million in stock.

Recommended: Could you pass a US citizenship test?

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.

Share this story:

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...