Facebook lawsuit may be over

You watched it play out on the big screen, and now the lawsuit against Facebook may be over. It was affirmed on Monday by a federal appeals judge that the Winklevoss twins can’t unwind a settlement they signed three years ago.

Cameron and Tyler Winklevoss as well as a fellow Harvard classmate filed suit against Facebook and CEO Mark Zuckerberg in two thousand and four. They alleged that Zuckerberg stole the idea of Facebook from them. This battle was deeply detailed in last year’s Oscar-nominated movie The Social Network. The trio and their site ConnectU were then countersued for allegedly hacking into Facebook to steal data and spam users.

It took four years of fighting before a settlement of sixty five million dollars was signed by the Winklevosses and their classmate.The value of this settlement was said to be half in cash and the other in Facebook stock. The trio later took the case to court after finding out that Facebook misrepresented the value of its stock.

On Monday, a chief judge of the U.S. Court of Appeals of the Ninth Circuit in San Francisco ruled against them. He said they made a legally binding deal and now they have to stick to it.