Facebook claimants vow to continue legal action

By | April 3, 2010

Tyler and Cameron WinklevossThe two Americans who were awarded millions of dollars after claiming they had come up with the idea for Facebook say their legal battle isn’t over.

Cameron and Tyler Winklevoss studied at Harvard University alongside Facebook founder Mark Zuckerberg, where they started a site called ConnectU.

In 2008 a protracted legal battle between the two sides ended with the payment of an undisclosed sum.

Facebook said that that it now considers “the matter concluded”.

The Winklevoss twins spoke to the BBC on the eve of the Boat Race, in which they will both row for Oxford.

Cameron Winklevoss refused to confirm the extent of the 2008 settlement – thought to be $65m – but said:  “I think it is safe to say the chapter is not closed on the matter.”

“It was really just a sense of shock,” said Tyler Winklevoss. “It turned into how can we right this wrong.”

The settlement of the battle between Facebook and ConnectU involved the award of Facebook shares to the Winklevoss twins.

The continuing dispute appears to centre on the value of those shares in a company which has not been publicly floated.

In a statement about the dispute Facebook told the BBC:

“The settlement has been enforced by the courts and attempts to delay that decision have been denied twice.

“We hope that discussion of spurious and false allegations and other matters that were concluded years ago are not distracting anyone from their preparations for the race. We consider the matter concluded.”

The brothers also revealed that after years of avoiding the social network they themselves have joined Facebook.

via BBC News – Facebook claimants vow to continue legal action.

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