Winklevosses Won’t Quit, Court Says

By now, you have likely seen the movie, or you’ve heard the story. At the very least, you have a Facebook account, so you must have some inkling of the legal drama the social network has become tangled up in.

The case was widely considered dead, but last week Cameron and Tyler Winklevoss moved to continue the battle over who should own the rights to Facebook Inc. by asking a federal appeals court to reconsider its order that the brothers accept a settlement, according to The Wall Street Journal. The brothers’ original settlement of $65 million in Facebook shares is now valued at $100 million, and the general consensus is that the Winklevosses have already been awarded more than what they were owed.

Federal Appeal Chief Judge Alex Kozinski said, “The Winklevosses are not the first parties bested by a competitor who then seek to gain through litigation what they were unable to achieve in the marketplace,” said Federal Appeal Chief Judge Alex Kozinski, who settled the case. “And the courts might have obliged, had the Winklevosses not settled their dispute and signed a release of all claims against Facebook.”