Posted Jun 23, 2011 12:31 pm CDT
The twins who claim Mark Zuckerberg stole their idea for Facebook have given up their attack on a $65 million settlement reached in the case.
Lawyers for Cameron and Tyler Winklevoss have notified the San Francisco-based 9th U.S. Circuit Court of Appeals that they won’t seek cert with the U.S. Supreme Court. The Wall Street Journal (sub. req.) and Reuters are among the publications covering their court filing.
The twins had contended the settlement should not stand because Facebook did not disclose an accurate value of its shares at the time. Their business partner, Divya Narendra, also agreed to give up the appeal.
The 9th Circuit refused a request for an en banc hearing in May.