Posted May 17, 2011 03:23 pm CDT
Cameron and Tyler Winklevoss, twin brothers who say that Facebook was their idea, plan to appeal their case against the social media giant to the U.S. Supreme Court, The Digital Home blog of CNET.com reports.
Yesterday, the San Francisco-based 9th U.S. Circuit Court of Appeals denied the brothers’ request for an en banc hearing on a recent opinion ordering them to accept a 2008 settlement deal with founder Mark Zuckerberg. The agreement gave the Winklevosses $65 million in cash and stock. Now, they claim that Facebook did not disclose an accurate value of its shares when the settlement was reached, and the agreement should be voided.
ABAJournal.com: 9th Circuit Says No to Tossing Facebook Settlement