Who needs a movie drama when a real life drama will unfold soon in front of our eyes? Seems like motivated by the massive success of Facebook, arch nemesis of Mark Zuckerberg, the Winklevoss Twins; Tyler and Cameron, have decided to set aside the original settlement with Facebook and will appeal the amount they were awarded.
Reports from The New York Times claim that the twins are asserting that Facebook misrepresented the price of its stock in the agreement, stealing from them millions of dollars.
Not to forget, they still want credit for their brainchild that took the shape of Facebook.
In a thought about move, the Winklevoss twins along with their Harvard Connect associate, Divya Narendra, are trying to have the first settlement defused, so they can officially pursue Facebook and Zuckerberg again.
The Ninth District Appeals Court will hear the arguments next month to determine if there are enough facts to throw out the original settlement.
If they are successful then the rewards are high. But incase they fail, they they will have to surrender $20 million in cash and $45 million in Facebook shares they received (now worth more than $140 million), which has remained in escrow since the decision was finalized.
For more details, it will be a great idea to catch the movie, “The Social Network”. If not the full truth, you will get to know the root of the issue!
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