Sunday, June 26, 2011

The Winklevoss Twins Haven't Completely Given Up Facebook Suit Against Mark Zuckerberg


Cameron Winklevoss, Tyler Winklevoss, Mark Zuckerberg
Getty Images
When news came out that the Winklevoss twins would not appeal their lawsuit against Facebook to the U.S. Supreme Court, the collective exhalation of all those who have tracked the lawsuit was enough to kill a butterfly in China. But chaos theory states that one event triggers unpredictable long-term secondary events so it should come as no surprise that the Winklevoss twins are not quite done pursuing Mark Zuckerberg to the ends of the earth.
A day after dropping one aspect of their lawsuit against Facebook -- that the twins were mislead about the value of Facebook shares -- the Winklevii are back to press another aspect -- whether Facebook "intentionally or inadvertently suppressed evidence" during settlement proceedings.
In other words, Cameron and Tyler Winklevoss are still seeking to triumph on allegations featured in the 2010 film, The Social Network, that Zuckerberg stole their idea for a social networking website.
Since the sequel joke has been used ad nauseam in this long-running saga, let's try another metaphor: These rowing twins are looking for a "repechage," or a second chance race given to those crews which fail to qualify for the finals in an opening heat.
Frankly, we have no idea who's the coxswain directing this litigation boat as we weren't alone inadvising the Winklevoss twins to end their hopeless lawsuit. Nevertheless, the twins have now filed a status report in Massachusetts federal court that pushes for further discovery. In particular, the twins are looking at a bunch of instant messages that turned up after they made a settlement valued between $65 million and $160 million.

No comments:

Post a Comment